ADP will/could come in and offer $1.50. Paygroup can help ADP in Australia improve services to its customers. It is much more valuable to ADP and Mark Samlal is ex-ADP. I am holding for a bit longer before selling into this offer.
Interesting thoughts, thanks.
Never say never, I suppose.
Although I have to say that while I've seen plenty of bidding wars break out when the initial offers kicked off at 15% or 20% premiums, for a bidding war to break out after the opening bid came in 174% above last close, would be something to behold:
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PYG Price at posting:
91.5¢ Sentiment: None Disclosure: Held