I think it is reasonable to assume the bidder is MIN. The tactic would be to buy as many shares as possible before sending the shares higher by announcing an offer.
Realistically, what is the last date that MIN could stop the Mitsui deal from closing? If that number is weeks away, then clearly they could pick up another 20M shares or so. It's not a big dent in the total bid, but it might end up lowering their cost a few percentage points.
AWE Price at posting:
96.5¢ Sentiment: Hold Disclosure: Held
