Is it possible that ZFX has a twofold strategy with AGM?
ie The offer specifying 30% allows them to either:
i. go for full take over if offer successful (which will not happen with Jinchuan opposing it)
ii. allow them a cloak to acquire and hold on to 30% ie above takeover threshold of 20% without being considered a threat?
For a proper acquisition they will not win at the current price even though it doesn't look unreasonable to me (not a holder of either stock) however ZFX may be content to be free to acquire stock to 30% level, declare the offer failed and sit there reaping the benefit of a large position - like Conrad Black did with Fairfax after his takeover failed.
ZFX
zinifex limited
Is it possible that ZFX has a twofold strategy with AGM?ie The...
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