FDY findlay securities limited

there is market inefficiency here, page-3

  1. 64 Posts.
    From announcement today, GWR is still recommending a rejection of the increased FAS offer (7 shares, up from 5). FAS has 32.22% acceptances.

    The offer has become unconditional, but (sorry for the newbie question) why does that guarantee substantial income for FDY?



 
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