NGM PDN

PDN are not buying on market. Their increase in substantial...

  1. afnut
    377 Posts.
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    01/10/10
    15:45
    Post #: 7270234
    PDN are not buying on market. Their increase in substantial holding is due to acceptances of their take over offer. The acceptances are valid until the 8th of October. Then if PDN have 90% it will be up to the TO panel to rule on the "military action" clause. Hopefully they will rule before then so everyone knows where they stand. If they dont get to 90% then the point is academic: take over will not go ahead.

    Not sure what the rules are about PDN buying on market once they have announced a full take over.

    --
    My advice is free and worth every cent
    NGM Price at posting: 8.9¢ Sentiment: LT Buy Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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