Dont disagree but my reasoning around the new premium was the price that the heavy hitters paid for their shares and the time that have been in them.
I think (similar to PRU) , that the after the deal settled they could see significant upside to SVM. The deal with SVM had the potential to change that company long term and I think it could have made the deal look sweeter.
Just a presumption that the ORR big boys will want more than the original offer and they will need to see some upside somewhere.
Personally, I think PRU are highly undervalued and if a scrip offer became available then I would have no issue holding long term.
Can I ask why the Orca deal had such a large premium?
ORR Price at posting:
46.0¢ Sentiment: Buy Disclosure: Held
