They have 5 days to negotiate so EQ is still in the game. My thought is that they see Olivers food as a good compliment to their purchase of Woolies service stations (else why would they have made their original offer) and want to go ahead but at a better price and under the circumstances as they can push harder. Sadly, the price, if reasonable under these circumstances, may be accepted. So, at the current share prices, (which is likely under what EQ will reoffer), it may be worthwhile to hang on to see what comes out of this negotiation period and even if it falls over, there is a degree of Government assistance which may help Ollies scrape through that is available due to the covid circumstances which is not normally available for a struggling business. May we receive some good news soon.
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3 | 250000 | 0.010 |
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