is it me, or is this a stingy offer?it seems very...

is it me, or is this a stingy offer?
it seems very opportunistic.
Unimin chose to make their offer when CRT was around 31c - i think the low reached 26c a while ago.
so their claimed "premium" is based on a very low price point!

CRT is well run, cashed up (maybe no (or little debt)) its product always in demand, and pays a dividend.

to me it looks like the offer is too low.

how come Iluka was so quick to accept???
It took them only 2 hours to examine the bid, decide to accept, negotiate the terms of the marketing agreement, and announce it to the market !!!!!!!

Question is - did Unimin and Iluka had a deal before they made the offer?
Also, is Iluka getting a benefit from the marketing agreement that we are not?? if so thats illegal!

cheers