Well Well Well
The big end of town are finally showing their hand !!!!!.
40 Cents - your kidding me right - reference is made that this is a premium of somewhere between 38% and 60% - which is the case base on the prices they are comparing to - however it does not show how high the company got to - in the last 2 / 3 years or does it factor in the potetial upside for the sugar play or what has been included in broker reports (albiet the later is risked prices).
Well , I assume Directors have obligations and a duty of care to all ensure all shareholders interests (even minority) are looked after , this being the case - 40cents is a complete joke.
As it is an on market offer , the market forces will come into play , however I would hope the Directors of ADI have some gumption and communicate to the market / shareholders and advise that the offer being made is materially understated.
takeover - directors please stand up
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Last
$2.84 |
Change
-0.005(0.18%) |
Mkt cap ! $905.8M | |||
| Open | High | Low | Value | Volume |
| $2.85 | $2.91 | $2.82 | $413.5K | 144.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 6225 | $2.83 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.84 | 2449 | 6 |
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