But, from the news today:
"On the other hand, Orbis Australia managing director Simon Marais has purchased 21.8 million shares since the global financial crisis. These shares, worth about $25m when the shares were halted, are now valued at $39.2m.
"On the surface, it looks like a good deal. We just don't know what the detail is," Mr Marais said."
(http://www.theaustralian.com.au/business/mixed-investor-response-to-blackstone-bid-for-valad/story-e6frg8zx-1226047234241?from=public_rss)
So maybe Orbis have rolled over. Well they are a contrarian investor in their ownb words.
So assuming the deal does go through, what's the cost of waiting another 3 months to realise the final 2 and a bit percent to hit the 1.80.
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offer sounds good to me, page-6
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