Yeah they are tracking similarly. But MIN price dropping just...

Yeah they are tracking similarly. But MIN price dropping just makes the deal worse, as you are 'selling' your NWE shares for less if you accept the offer.

I think NWE was around 0.056 when the takeover bid was announced (MIN was trading at $88 at the time, so your NWE shares were valued around 0.067 - approx 20% premium over pre takeover SP if you accepted the offer).

Today sees the NWE share value at 0.062 - so about an 11% premium over what we were trading at before the takeover bid.

Many in here believe the future NWE share price has a lot more to offer holders than an 11% increase over the pre bid share price, so why would you take up that offer now ?

The chances of NWE gaining, let's say 50%, on their share price is probably higher than MIN doing the same thing, which is what holders are banking on.
(now if MIN jump to $130 next week, you may have me )

So the 'deal' has gotten worse since the bid - yet people are still taking it up.

I think that makes sense