A horrible low ball opportunistic bid. Will they be prepared to offer more? (Imo yes). Will it flush out another bidder?
Thanks @madamswer. I digested your reasoning/thoughts re this company and (after a little research) bought a few. An element of luck in the timing of course but the company was "ripe" for the picking.
This also highlights what was implied re the risks a board/management run when they have a snooze at the wheel. They can lose their gig!
Ann: Intention to Make Takeover Bid, page-6
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