ORR 0.00% 56.5¢ orecorp limited

Why would SVM up their offer?Current SVM shareprice today is...

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  1. 422 Posts.
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    Why would SVM up their offer?
    Current SVM shareprice today is C$4.15.
    Their offer value is 0.0967*4.15*1.13 + 0.19 = A$0.64.

    I cannot see how this is not superior to the PRU offer.
 
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