Well if I was Republic and knowing that DLS was launching an unconditional takeover offer, I would put a condition in the contract of sale that if DLS increase their offer then the additional amount would be payable to Republic. Same as anyone else who signs the form and accepts the DLS offer.
I guess the risk to Republic is that DLS drops out of the race early and doesn't see it through. Still Republic have their bets hedged with the remaining 18%, at my rate its going to be very interesting to see how it plays out.
ACN Price at posting:
28.5¢ Sentiment: Hold Disclosure: Held
