Ann: Proposal from Wesfarmers, page-306

i don't think Wesfarmers are going to go unchallenged in their attempts to low ball Kidman shareholders

JP Morgan said that Wesfarmers’ share price bid “fundamentally undervalues” Kidman’s share of the joint venture, adding that Mount Holland is a “Tier-1” project.Canaccord said the bid “falls short” of their valuation of A$2.15 per share for Kidman.Both companies say there is the potential for a third party to place a higher bid for Kidman.“The chance of an interloper seeing greater value in Kidman, either joint venture partner SQM or an outside party, is real,” said JPMorgan.

Apologises if this has been posted before .

All imo and DYOR