As per this late evening ANN, they're still buying:
http://hotcopper.com.au/asx_announcements.asp?id=326309
Hard to know what this buying is about, but it's good for retail holders to have an option in addition to accepting the FML offer.
FML would prefer to have outright ownership of CRE, I'd think, to a mere controlling stake of <90%.
It seems our Chinese buyer is more concerned with buying and owning the CRE shares, than in how much they pay for them, which is why we're close to parity with FML SP (CRE @ 6.7c and FML @ 6.8c).
If CRE is to have us accept the offer, I expect FML will aim to be achieving a higher SP for CRE's to accept into, otherwise, it makes sense to just hang on, and see if this buyer can develop a blocking stake, and see what they do with that.
What are CRE holders' thoughts in these circumstances? Anyone still in?
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