I agree Danger that AMP is primed for a takeover. Its not if it will happen, but when?
I have just recently owned a stock (Atlas Iron) which was taken over by Hancock.
At the time of the first offer the share price was 1.9 cents, an offer came in from Mineral Resources at a 58% premium at 3 cents. This was whole heartily rejected by the shareholders.
Shortly after this, Hancock put their bid in at 4.2 cents, a 121% premium to 1.9 cents. This was accepted and the rest is history ( She later bumped the bid up to 4.6 cents to get it over the line).
Luckily the majority of my shares were bought at 1 cent, so I was pleased with the offer.
So I think most shareholders would expect at least a bid at around $4 - $4.50 to get the ball rolling, which is a premium of 75% to 97%.
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