My (limited) experience with takeovers is that, once the suitor has declared their hand with strong interest, the propensity for Directors hanging out for more is pretty high.
Having said that, a 70% premium from the Feb bid is pretty compelling.
On market too, which is kind of unusual.
We shall see
Go well all
Ann: On-Market Takeover Offer for Richfield International Ltd,RIS-MVT.AX, page-8
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