this HAS to be a massive game of fishing here. theres no way it goes for $3.
"in the absence of a superior proposal"
They have to be baiting someone like RIO/BHP into a higher offer.
Then if no higher offer, use the "independent expert concluding that it's in the best interest of shareholders" to back out of the takeover bid.
Ann: Revised Proposal from Albemarle, page-79
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Last
78.0¢ |
Change
-0.020(2.50%) |
Mkt cap ! $1.891B | |||
| Open | High | Low | Value | Volume |
| 79.5¢ | 81.5¢ | 77.5¢ | $7.861M | 9.908M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 54923 | 78.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 78.5¢ | 25000 | 2 |
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