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0.00% 23.5¢ devine limited

Ann: Directors' Response to Takeover Bid, page-2

  1. jamwolf
    5,925 Posts.
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    10/11/15
    12:37
    Post #: 16360830
    Market reaction is that there will be a higher bid.

    Either CIMIC will need to bid higher, or they are making a low ball bid to flush out another bidder.

    A trade buyer would be able to extract synergies not available to CIMIC.

    My bet is still on a trade buyer emerging.
    DVN Price at posting: 75.5¢ Sentiment: Buy Disclosure: Not Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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