I don't think someone is spending more than $200m to get the likely (but not certain) $3.65 (the takeover offer). That would be a very high risk strategy.
I think there is more to this, and I'm hoping for a left field offer well above the $3.70 bid offer by whoever bought the Minres parcel.
My thinking is totally biased on two fronts: 1. I'm a holder and I'm greedy. 2. I believe Andover will prove to be incredibly valuable in 5 years time and lots of smarties know this.
AZS Price at posting:
$3.48 Sentiment: Hold Disclosure: Held