Some more points of view in a Cameroon Newspaper. I don't believe this has benn posted-just an extract.
The offer is estimated at 47 percent more than Sundance?s weighted average share price over the past 20 trading days, according to information. That is in comparison with the average premium of 26 percent for takeovers of iron ore companies worth more than $1 billion along the past five years.
Typical Premium
?We?ll need to be able to see what the offer works out over time but? a typical premium that tags along with most takeover bids is approximated close to 30 percent to 40 percent, Peter Rudd, mining and resources manager at Armytage Private Ltd. in Melbourne said in a telephonic conversation.
There has been $6.9 billion worth of bids for iron ore manufacturers this year, which does not include the Sundance offer, according to statistics. This number is the highest since 2008 when agreements to the tune of $8.4 billion were announced.
