Sounds easy? probably is.If the offer succeeds and it all goes...

Sounds easy? probably is.

If the offer succeeds and it all goes through I can't see LEI shares going much lower than 20.50.

Basically for 37.5% of the shares bought your getting 22.50. If the stock remains at these levels mid May breaking even on your remaining 62.5% you've made a tidy profit. Even if LEI dropped to 19.50 you'd still be ahead of about 20c per share.

Not much for us on such a high price but the big boys buying volume might do ok.

I recall I did one of these trade years back when Rinker was being taken over. I can't recall exactly what it entailed but I was informed that buying up to a certain amount of share you were guarenteed a certain price. Thought at the time it was too good to be true and due to the nature of the takeover it gave the market an opportunity toprofit from it.