IMO, the only way the directors would recommend NOT to accept the FINAL offer of 1.85, expiring on 25/02 is if they have a very good reason to believe that a better offer will be made.
This better offer can not come from New Hope, as they have declared their bid final. So they must have a pretty good inkling that some attendant of the data room party is very close to making a binding offer.
If this turns out not to be the case, and New Hope walks away and SP drops, they could be IMHO held liable for breach of fiduciary duty and so on.
Therefore, I am holding and expecting developments as early as next week. SP indicates that people in the know suspect the same.
IMO, the only way the directors would recommend NOT to accept...
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$1.27 |
Change
-0.005(0.39%) |
Mkt cap ! $1.958B | |||
| Open | High | Low | Value | Volume |
| $1.28 | $1.30 | $1.26 | $3.043M | 2.391M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 27385 | $1.26 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.27 | 78994 | 7 |
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