Interesting timing with the release of their 2011 guidance, normally you would make this statement at the AGM which is 3 weeks away. Maybe they think telling shareholders that they have given AEC a revised bid is more important.
As for the offer, they haven't mailed their bidders statement and haven't rejected the deal, so this is where we are at:
2 for 17 @$28.48 = $3.35.
Share price now at $30.11 = $3.57 equivalent.
Here's what I think may eventuate with their share price moving forward.
1 for 7 (2 for 14) @$30.11 = $4.30.
This pot is starting to boil.
DYOR though.
Pep
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