this HAS to be a massive game of fishing here. theres no way it goes for $3.
"in the absence of a superior proposal"
They have to be baiting someone like RIO/BHP into a higher offer.
Then if no higher offer, use the "independent expert concluding that it's in the best interest of shareholders" to back out of the takeover bid.
Ann: Revised Proposal from Albemarle, page-79
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Last
81.0¢ |
Change
-0.015(1.82%) |
Mkt cap ! $1.964B | |||
| Open | High | Low | Value | Volume |
| 81.5¢ | 82.0¢ | 77.5¢ | $15.36M | 19.24M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 37388 | 81.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 81.5¢ | 95789 | 12 |
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