I free carry ALU so I'll be just watching long term. Not interested in trading in and out again, just holding. Too much of a chance that I would be out when another offer is made.
The Autodesk offer was made by them taking a chance approach. It did cause a flurry.
Realistically a serious approach by one of the top 10 in the Nasdaq that see's synergies of acquiring ALU would make for a much more sense.
Nothing below AUD50 would be taken seriously, maybe AUD55 would have a chance of being taken up.
Otherwise I am just a happy holder.
Just my opinion, DYOR
ALU Price at posting:
$33.90 Sentiment: Hold Disclosure: Held
