If what you are saying is right, then it goes back on what BOD were saying in the recent quarterlies:
" ... given the board's firm view that the offer was opportunistic and fundamentally undervalued the company ..."
" ... does not represent fair value ..."
By upping the stake by 6c (~$177m MC) I do not see how this now fairly values OBS from what the BOD perceive as fair value?
OBS Price at posting:
62.0¢ Sentiment: None Disclosure: Not Held