API australian pharmaceutical industries limited

I am somewhat curios why the SP is at $1.54 which means peopls...

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    I am somewhat curios why the SP is at $1.54 which means peopls are still buying in when the TO offers are $1.55 and $1.57 (nominat) which will include the dividend value.

    Does this indicate that investors are expecting that WES will increase its offer price?
 
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