We are not out of the woods yet!
It still stands that in the absence of a higher bid the board will support ALB at $3.00.
Gina isn't bidding and her 7.7% isn't enough to stop ALB if the board is locked in by its previous statement. I hope they can wriggle out but who knows...the game is still on.
PS. I emailed the company again today to point out that for many shareholders a $3.00 all cash offer is worse than a $2.40 script deal and you wouldn't sell it for $2.40.
Ann: Albemarle indicative proposal - due diligence to commence, page-153
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| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
|---|---|---|
| 8 | 92112 | 89.0¢ |
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|---|---|---|
| 89.5¢ | 90000 | 3 |
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