Can the board seriously state, in an announcement they recommend shareholders accept the $3 offer but not really intend to? I think their is Director duties, market manipulation or other rules that prohibit that surely?
Seems to me a big mountain to climb to defeat this with TG camp presumably in favour of $3 offer? Theyd just knock it back and do what they did at other ALB offers, price wod have hit $3.20+ or more if that was their intention.
Appreciate Gina trying to block that and may still, but she is not stupid either, doesnt buy over $3, so at worst she breaks even if deal goes through. She thinks there is short term risk, long term no drama.
Best case, for next 3 mth is ALB due diligence goes through, $3 paid. If offer withdrawn or is defeated price will prob dive. People should prepare for that.
I hope it goes to production for the record. just being a realist.
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