no rush - the offer will likely be extended again. at this point Hindalco holds 51%, MLX holds 26% with 24% held by other minorities. If u accept MLX's offer u cannot accept a superior offer from others or buy out by Hindalco, if one comes.
ABY is a pure copper play where MLX is a diversified metals player. Diversifieds tend to provide less explosive SP performance. At this point ABY is trading at bottom of cycle (hence MLX's interest).
ABY would have to offer 2 Board positions to MLX based upon 26% holding. This should spice things up.
I will be holding but would consider a cash offer much higher having sold some at $1.75 in 2011.
DYOR.
Ann: ABY Takeover Offer Unconditional, page-3
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