LNN lion nathan limited

I will state outright that I am a novice.I am very new to this...

  1. 15 Posts.
    I will state outright that I am a novice.
    I am very new to this game and I am trying to learn as much as possible.

    Am I missing something with Lion Nathan shares.

    For arguments sake I could have bought today 1000 shares of LNN for $11.95.
    Total cost including brokerage approx $11980.

    Kirin will take over these shares for $12.
    I therefore can make approx $20 on the share sale.

    On the 21Sep09 LNN goes ex div for a 50 cents special dividend.
    I therefore can make an extra $500 plus franking credits.

    Is this correct?

    If so, why haven't those shares at $11.95 being snapped up?

    Thanks in advance
    Crate
    DYOR
 
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Currently unlisted public company.

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