"no need to rush in"?? From BPT's ann this morning.
Unless extended or withdrawn, the offer stands until the close of the ASX on 22 December 2011.
With BPT now very likely holding 50%, or very close to it, there is absolutely no reason for them to not withdraw the on market offer any day after they gain Board control.
They could then, not surprisingly knowing their "form", withdraw the on market offer and then make an unconditional off market offer for the remaining 50% and that could even be at less than .20!!
So, if you are not "rushing in", I would be talking very hard with my broker RIGHT NOW because that 50% is on the brink. Bird in the hand and BPT doesn't often give away to many birds in hands.
ADE Price at posting:
20.0¢ Sentiment: Sell Disclosure: Not Held
