i think a higher bid will eventuate. AGL needs MOS !!!! AGL wants a rapid recommendation from MOS directors - only 14 days! AGL has already committed to supply QGC - but it does not even own the assets. What is AGL going to do if it does not get MOS?? It has the obligation to supply gas to QGC, but no where to store it. AGL has stated that Gas Storage is a new business for it AGL has already tied up 12.8% - so it is serious.
In a Scheme, the predator must get the recommendation of the Board, because it needs to get 75% of votes to get approval - so it needs the nod of the directors.
MOS directors need to force AGL to up the price.
PHONE OR EMAIL MOS AND TELL THEM YOU WANT A HIGHER PRICE ! Sally Highducheck < [email protected]>
MOS Price at posting:
13.0¢ Sentiment: ST Buy Disclosure: Held