All up to Lion I guess from here. Not sure I have a lot of insight but just for fun I'd guess Lion expect a sweetener bid, and that Saputo have kept one up their sleeve.
A price near the $9.40 odd struck 3 years ago and maybe both parties can feel ok. Sandon own a tiny bit and making noises for them to throw in a franked dividend to keep certain holders happy as part of a deal so maybe we can expect that.
I bought just under $7 about mid last year, decided to continue to hold today and with a bit of luck get a bit more. But who knows?
WCB Price at posting:
$8.85 Sentiment: Hold Disclosure: Held