Morning friends - I apologise for the stupid question but being a younger fella and new to the investing game this is my first experience in such a situation (being the proposed takeover).
The wording of the Board re: the $3 offer from ALB was around intending to recommend acceptance should all conditions be met.
Lets say hypothetically the offers start coming in and eventually a true best and final of $3.50 meets all conditions and the BOD recommends the shareholders to accept - would we expect to hear from the Board as to WHY this is their recommendation?
In my uneducated opinion, $3.50 would still be too low. I want to see this rip into production and pay dividends for the next couple of decades at least. Therefore, a no vote from me. But it would be in the back of my mind as to why the BOD would recommend taking it. Is it personal - they're tired, looking for a nice pay day and to go and enjoy the fruits of their labour? Or is it a real business move - there are significant risks that could materially impact the interests of shareholders?
Just wondering if this is something we could expect throughout the process?
All hypothetical of course - thanks everyone
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