This company is going to be sold at the offer on the table unless a better offer is received, the Z board has simply gone unconditional…the commission’s will approve, the refinery will go import only, and the big holders have already agreed( or else the board would not have publicly supported this offer)
so now the company genuinely is on the market, the only unknown is whether another bid will emerge…
we will know within a month…there is simply no upside to selling out now, at least until dividend is recorded anyway…
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