The 6c bid is now down to 5.5c. Won't happen. 6c is a minimum given MIN bid when MIN at $82.
Best strategy is to hold out, forcing MIN to recalculate it's 6c bid based on its changed share price.
A lot of water to go under the bridge before this happens but early acceptances won't help - despite how attractive MIN shares might be.
A waiting game affects most those who are most desperate.
Ann: MIN:Off-Market Takeover Bid for Norwest Energy - Offer Opens, page-46
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