WSA 0.00% $3.86 western areas limited

Why I think that if IGO bids it needs to be at least $4.00 per share., page-211

  1. 33 Posts.
    lightbulb Created with Sketch. 9
    So any takeover premium offered is effectively only in respective of 75% of the market cap. Suspect any acquirer will find it somewhat hard to justify paying say a 30% premium on cash!
 
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