Generally agree with you, but its a 17.3% arbitrage if you buy at 23c and sell at 27c (14.9% at 23.5c purchase) as part of the offer, so I stayed in.
Once due diligence is complete and the offer is formalised, should go up to 24-25c.
Generally agree with you, but its a 17.3% arbitrage if you buy...
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