Sounds to me that negotiations are taking place to settle on a fair price. Could it be that the independent experts report due for release months ago came up with a valuation of more than .40 cents per share and our directors are negotiating for an increase over the non binding indicative offer of 40 cents. Such negotiations would take longer to complete. The other alternative is negotiations are taking place around an offer price of less than 40 cents. Such a scenario would also cause delays in arriving at an agreed price for putting to shareholders. Because of the lengthy delay in releasing the IER I tend to favour the former proposition.
What do posters think?
News: UNV Afrimat Says Due Diligence Ongoing For Co's Indicative Offer For Universal Coal, page-2
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)