Hello all,
Could the bid be helping to focus potential JV partners in that a JV partner could of been thinking why not just take it over?
Now they look at the takeover option and see a messy fight with no certainty of the price they'll end up paying? Hanlong could be putting the offer on the table to help management get a deal done?
Thus maximising their return with lest amount of time resources put into it?
Cheers EWO.
ps please feel free to discuss.
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