LDW
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0.00% $10.85 ludowici limited

Looks like this matching offer was to force the board's hand...

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  1. numis
    1,106 Posts.
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    24/02/12
    09:00
    Post #: 9743298
    Looks like this matching offer was to force the board's hand with the offer only open until 5pm today. The board has to decide whether $10.00 in the hand from Weir is better than FDL's possible $10.00 offer. Since this new matching offer by Weir, the AFR is reporting that FDL in response has increased its offer for LDW to $11.00 a share.
    LDW Price at posting: $9.69 Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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