very pleasing to see a competing bid from Aussie broadband tonight !!
some would say Aussie has even more synergies to extract from Symbio compared to Superloop
the ball is now in superloop's court !!
superloop would find it difficult to match the cash component of the Aussie bid, but they could offer more script to Symbio shareholders
some would argue the Superloop script offers more upside compared to the Aussie script due to the valuation gap between the two stocks
Symbio shareholders and the board will have an interesting situation to consider if and when Superloop does improve its offer over the next few days and weeks
either way, Symbio shareholders are the big winners here !!
SYM Price at posting:
$2.64 Sentiment: Buy Disclosure: Held