AET 0.00% $1.35 ausmelt limited

Ann: Revised Outotec Takeover Bid , page-4

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  1. 1,456 Posts.
    lightbulb Created with Sketch. 29
    Quite a saga here.
    My money is on the Finns.They got 19.9% of AET at 85c and have been averaging up by on market purchases since so they are in at well below the current price.It seems they need about 5.3 million shares to get 50.1% so can lift their next bid to the level required to fall over the line.On the other hand if it all becomes too hard they can cash in their chips to the Italians and walk away.
 
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