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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$2.74 |
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Mkt cap ! $869.3M | |||
| Open | High | Low | Value | Volume |
| $2.78 | $2.78 | $2.72 | $690.0K | 252.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 5043 | $2.73 |
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| Price($) | Vol. | No. |
|---|---|---|
| $2.74 | 3034 | 3 |
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