what about this - from the ANN referred to in the post by Rhodan:
"The Possible Offer will comprise 290 pence in cash for each Kalahari Share (the "Offer Price"), valuing Kalahari's fully diluted share capital, including shares attributable to the Options and Convertible Loan Notes, at approximately ?756 million."
"The Kalahari Board has indicated to the CGNPC-URC Board that should a firm intention to make an offer under Rule 2.5 of the City Code be made on the terms of the Possible Offer, the Kalahari Board intends to recommend that Kalahari's shareholders accept such offer."
A coupld of questions: (1) Why would KAH recommend to accept this offer? (2) How does this translate into an equivalent SP for EXT?
wow - an exciting morning - better get back to my day job - have spent the last hour reading about this - adrenalin pumping!
EXT Price at posting:
$9.26 Sentiment: Hold Disclosure: Held
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