Being a shareholder of AUT I would expect that if an offer was tabled, it would be as low as possible.
I don't like to say this. But, 27c, technically looks the next level of resistance after the 39c level was broken last week. Hopefully we overshot 39c a bit and are in the process of a bounce from that level
If AUT's TO of EKA is anything to go by, AUT may use 27c as a base. Hence,33% premium from 27c would give 33c as an intial offer.
As a TXN holder I would be pissed off.
So I hope any talk of a TO is just that, "talk"
TXN Price at posting:
35.0¢ Sentiment: None Disclosure: Held
