I am hoping for the best, but ready for an underwhelming offer due to the badly handled & rushed nature of the news. The price jump Thursday last week followed by it holding up on Friday & Monday probably spooked them.
Agree with the points you made @Access2020, just more pessimistic on the $2.70 figure. So we wait for the Crayon offer to be announced and hope some other players step in with more on the table to boost it up if it is too low - $3.50 would be a very good result for shareholders but I think that is also too high for private capital or even competitors.
Seems that the RHP board have at least tacit support for the deal since they did not immediately reject it as not in the interests of unlocking shareholder value, instead calling a halt meaning it's on the market.
RHP Price at posting:
$2.09 Sentiment: Hold Disclosure: Held
