elphinstone in partial takeover offer

Elph Ptd Ltd has announced a partial t/o offer of 26c for 35% of the shares it doesn't own i.e 35% of 75.05% which will give it a bit over 50% of Coote. They will then undertake a review of Coote's operations.

Seems like a good result as Dale Elphinstone appears to have been supportive of CXG in recent times. If all goes well this has the potential to be a multiple bagger as Coote's businesses look to have a lot of potential.