I'm with you psi81, the offer feels very low but will wait to find out more in the coming weeks. My gut feel is I would accept 30c begrudgingly if we had a bigger take on the CVN's (say capped at 40cents, and a few more incentives for them to be earned).
Although I'm sure the SP would drop on a no vote, how long it would stay low would be dependent on what the fall back plan is, and that will only be revealed by someone outside the current board (eg.CPSA).
Macquarie also now has 86+52+2=140 million reasons why they want their Mereenie partner to be someone they can work with...
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