There is no chance the current Bid will succeed !!
The company is progressing and making a truckload of $$, so I think unless the Offer/Bid is increased to at least $3+, there will be no takeover.
Look at what the market thinks of this announcement, the share price has risen well above the offer price.
Ann: Trading Update, page-11
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$2.69 |
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Mkt cap ! $1.061B | |||
| Open | High | Low | Value | Volume |
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| MRM (ASX) Chart |
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