wintermute
it happens often.
the offer hasnt opened yet and does June 22. A bit of risk premium built in
Renee Rivkin use to specialise in this kind of arbitrage transaction
It is now definetely possible for the bidding group to churn shares though some other group to keep the price down a couple of cents per share until the offer
Th chinese a very smart, they say the only want 60-70% so people can think well there is no desire to bid it higher.
Guys we all habe a choice, be clever or not
offer to make 8% very easily, page-17
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