re: Ann: GGB: Off-Market Takeover - Close of ...
There can be nothing but harmony - there will no longer be two entities vying for position, just one management team calling the shots. Much easier to raise funds and build the mine. It is in principle excellent news. What it means for the respective shareholders remains to be seen but I expect it will be fairly amicable with GGB slightly ahead due to their cash. AZX will find it hard to match this cash but I expect they will have to if they want 50% of BBG.
AZX Price at posting:
38.5¢ Sentiment: None Disclosure: Not Held
