bid increase to $18 ? the australian, page-3

I think PEAMCoal may up the offer to $17 and call it FINAL in order to flush more share holders who have been holding out in accepting before the deadline.

At 20 something % so far, they won't get to 50% unless they up the price.

I think $17 is almost a certainty, the question is will CITIC come to counterbid.

Perhaps the Chinese approval is a reflection of CITIC about to lauch a counter-bid.

I think in that circumstance, holders who have accepted have the right to withdraw their acceptances.