And I thought $19/sh was good enough in the current financial...

And I thought $19/sh was good enough in the current financial climate.

An offer of $16.95/sh + $1 f/f divi. values FLX at A$3.3b.

With the GFC out of the way & with minimum debt on their registers, I'd say 11 months later A$3.3b mayb better then A$3b which was rumoured 2b on offer in Oct last year. U never know how the coal prices go in the next couple of years.

Not sure how the SP will run since its already run up to 16.50, another 45c, is that it !!

Also when do the FFD's get sent out, is there an Ex-div date, anyone knoweth about this fact.