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1.16% 8.7¢ rocketboots limited

Chinese Takeover 69 cents, page-13

  1. danpech
    1,109 Posts.
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    04/08/14
    11:59
    Post #: 13764357
    Because ROC directors painted themselves in a corner with the merger with Horizon. By agreeing to a merger where they effectively orchestrated a reverse takeover of ROC by HZN without a premium, they couldn't reject an offer that included a premium...whether this new bid is high enough to win ROC remains to be seen.... the price action ATM suggests there is no serious competing offer on the table at this stage.

    Cheers

    Dan
    ROC Price at posting: 67.0¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 7  Upvote
    lightbulb Created with Sketch.  Great analysis
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