ESS was always a cheap take over target, and everyone should have been expecting that IMO. I think its great news for shareholders ( 40% gain ) even though it isn't the best offer.
The Scheme is unanimously recommended by the Essential Board of Directors in the absence of a superior proposal and subject to the independent expert opining that the Scheme is in the best interests of Essential shareholders
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The above means ESS has kept the doors open and if anyone wants to make a better bid they're more than welcome. And if no one is interested, then ESS is happy to sell. I think that's as good as it gets for this one.
Well done and good luck to all holders
Ann: IGO: Lithium Joint Venture to Acquire Essential Metals Limit, page-122
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