Takeover offer ends today. Unless there are some off market transactions taken place it does not look like much has been secured at the bid price of 63 cents. Interesting to see whether a revised bid appears soon. It would have to fairly sweet to prise loose a good volume of stock. Looking at the company's trading update, and extrapolating this to potential dividends going forward, I would rather hang onto my holding unless a bid came in say around 80c and even then I would have to give it a lot of thought. If the share price falls back a bit tomorrow that's fine, I will buy more.
PGR Price at posting:
63.0¢ Sentiment: Hold Disclosure: Held
