Hey Archie,
I don't think you quite understand whats going on,
this is a hostile takeover, on market, and there is nothing ADE can do about it if all the shareholders decide to sell, and by the numbers, almost 30% have today. I'm not even sure if the company has a blocking stake now that Walker has sold (or appears to), the previous blocking stake.
This will likely be all wrapped up tomorrow, imo
40 cents is good offer at moment, page-2
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