campbell profit guidance

Interesting timing with the release of their 2011 guidance, normally you would make this statement at the AGM which is 3 weeks away. Maybe they think telling shareholders that they have given AEC a revised bid is more important.

As for the offer, they haven't mailed their bidders statement and haven't rejected the deal, so this is where we are at:

2 for 17 @$28.48 = $3.35.
Share price now at $30.11 = $3.57 equivalent.

Here's what I think may eventuate with their share price moving forward.

1 for 7 (2 for 14) @$30.11 = $4.30.

This pot is starting to boil.

DYOR though.

Pep