They have now forced BG to make their offer bid, final. To me that is a very important play because, before this, BG never announced that the bid was final, thus allowing them to alter, and call the play, as they wished.
Not now!! BG cannot buy anything (LEGALLY THAT IS, ALTHOUGH THERE ARE MANY WAYS TO SKIN A CAT), at a price of in excess of $8.00 per share.
And, as for them now making the offer conditional on reaching the 90% threshold, well anyone with a bit of imaginations would know that, unless AOE will sell their stake, BG will not get their 90% stake and only gave the unsuspecting shareholders a bit of a con merchant deal.
If AOE will not sell their stake to BG, no one will get/receive their $8.25 per share.
Buddy
AOE Price at posting:
$2.52 Sentiment: ST Buy Disclosure: Held
