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Kalahari's share price on AIM had risen to 302 pence as of...

  1. Rangefinder
    130 Posts.
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    09/03/11
    00:17
    Post #: 8020006
    Kalahari's share price on AIM had risen to 302 pence as of 1.15pm GMT in London.

    So clearly investors anticipate China's bid will be trumped.
    Won't take much for a rival bidder to beat the 5% extra value to void China's offer and avoid Kalahari having to pay a break fee.
    I don't think the Kalahari board will get the current offer past its shareholders- especially not Rio and ITOCHU.

    Stand by!
    EXT Price at posting: $9.94 Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

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