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08:49
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Originally posted by insaf
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Yes but why make their off too early - evn are no fools with acquisitions. The lower they pay the better. Their aim would imo be to attract as many shares thru the current offer as the evn sp is supported by instos. When they get a minimum percentage thru offer ( could be 50 percent) they will then as the offer ends will commit to an increase. This will have to increasethe cash scrip to satisfy the directors and with evn sp between 1.50 and 2 dollars the directors will recommend the improvised offer. The issue for cuurent acceptors is that they will not be eligible for that. That is the risk.
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Insaf,http://www.austlii.edu.au/au/legis/cth/consol_act/ca2001172/s650b.html
