I hope you're right... This has probably been posted already,...

I hope you're right...

This has probably been posted already, but in the AFR article Deutsche Bank describes the deal as a 'low cost' acquisition, so we retail holders are not the only ones who think this is a low-ball offer...

Here is the link to yesterday's article:

http://www.copyright link/street-ta...deal-for-minres-deutsche-bank-20180409-h0yj96

Mineral Resources' $280 million takeover of Pilbara play Atlas Iron is a "low-cost acquisition," Deutsche Bank's institutional sales desk told clients.
Deutsche's Brett Hucker pointed to a range of potential longer-dated synergy benefits for Mineral Resources spanning iron blending, tonnage uplift, crushing efficiencies and port access benefits.

"There is also a broader potential lithium consolidation play," Hucker said.
"Note as well the alliance agreement around existing and potential future commodity opportunities and SPV for lithium and manganese operations."
As foreshadowed by Street Talk, Chris Ellison-run Mineral Resources tabled a 1-for-571 scrip offer for Atlas Iron on Monday, implying 3.02¢ per share at a 59 per cent premium to last close.

Atlas Iron directors have recommended that shareholders vote in favour of the scheme.

Atlas shares last traded 42 per cent higher at 2.7¢.