Based on a 6 month vwap of TER of 39c... how meaningless is that? Why not just go and base it off TER all time highs!! IMO this is massively lowballed and by the time you could sell your TER stock you receive... you'll be getting less than the UNV spot now.
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- Ann: TER: Offer for Universal Coal Plc
Ann: TER: Offer for Universal Coal Plc, page-10
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