Still think its highly unlikely in this scenario. OBJ has been trader-driven and the traders have moved on, pure and simple.
I understand a takeover trying to withold the price when we talking about a low percentage increase on current shareprice, similar to say the AOE takeover bid, however when you are talking multiples of the current shareprice, then the takeover company willhave their target, and they will be assuming its an attactive offer regardless of the current shareprice.
Additionally, in my experience in the markets, you often actually see alot of interest in the share when a takeover is imminent. There's nothing in the trading in the last week or more to indicate anything like this. Personally I think this talk of takeover is very premature. I don't expect there to be a takeover bid at this stage of OBJs development.
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