Market is saying "NO" to 55c cash......someone is standing in the buy queue at 57c with an order of more than 3.2M shares. I'm saying "NO". PRU you're going to need a bigger carrot than this when arbitragers are buying on market at 4.5% above your offer.
DIsclosure....long term holder of PRU, built a material position in ORR over the last few months
Ann: Response to announcement regarding takeover bid by Perseus, page-16
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