i am confused as a takeover usually mean a price increase. The top 20 holders will want to see the sp increase to get maximum return.
i cannot see how it can be sold at a cheap price.
Just like Sydney airport, they have rejected the offerred price many times now.
if a takeover does not eventuate, thats a different story.
Sp may drop back to $2.50, but on its current condition looking forward to when NZ open up - sp should be around the $3 mark.
i think there may be some kind of issues for the suitors to do a takeover due to regulations approval maybe. As such, little news on takeover. Concerning sp does not reflect takeover situation.
also NZ in 3 days lockdown.
but what are the facts that we know so far to suggest a takeover maybe on the horizon?
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