Ann: Banpu Takeover Offer at A$6.20 per share , page-7

yes.....Banpu has shown the willingness to buy 100% of the shares @ $6.20....

the only reason it is not trading at $6.20 today (and trading at a discount of around 5%) is that the said TO will take a few weeks to finalize and the market discounts it by 5% or so....

IMO, that meants the deal is as good as done.....and as there are no other offers, it will keep on running at these discount to the $6.20 offer and as the days go nearer to the final date, the price may go upto $6 or so....

BUT....if some other moneybags enters the fray (we have the someone with a failed bid and hence some cash in the kitty lurking around somewhere from a failed attempt to buyout another coal major a few months ago) then the price will go up as per the 2nd offer....

I think something will happen soon if there is any added interest shown....