re: Ann: Notice of Variation - Extension of O...
Hard to knowl, oberte, but there's big volume again today- $49.8m so far. I'd like to think an extension of time is so that they can convince the major holder to come across. Hopefully, we'll get a higher offer- $17 was discussed in the media- that would be great.
I always forget about Maccy Coal- it just sits there. Maybe everyone else has forgotten, too, hence they are concerned about their acceptance levels. I don't think the suitor can pull out at this stage, so it's still risk-free (I hope!) More sitting.
MCC Price at posting:
$15.85 Sentiment: None Disclosure: Held