This math is correct right?!
Unless I am a complete moron (very possible)
You can buy ACB at an 11% discount to the implied takeover bid.
With transaction completion 1 month away ...
Why would anyone NOT be doing this
I alr have a big position ... entry 10c so underwater ... seems no brainer tho !!
LOT SP ACB SP 1 0.220 0.056 2 TAKEOVER IMPLIED: 0.062 3 DISC/PREM: 11.0%
Ann: ACAP ENERGY LOTUS RESOURCES MERGER, page-38
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