AFJ affinity education group limited
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Ann: GEM: GEM to make a takeover offer of AFJ at a 29.6% premium, page-9

  1. HSydney
    5,732 Posts.
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    03/07/15
    10:38
    Post #: 15575108
    Clearly this is an opportunistic offer and takeover was in the works anyway because of declining sp even prior to yesterday's sp tanking...

    Wouldn't shareholders have to vote/accept offer anyway???

    Besides, usually 1st offer is never accepted... And now that they own 16%, if offer is NOT accepted they would have to come up with a better offer...
    AFJ Price at posting: 54.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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