Just re-read my post and it is not clear who I am talking about in 2 places. Here is an annotated version.
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 [NEC DIRECTORS] 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 [NEC DIRECTORS] 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.
get ready!! offer increased again, page-28
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Last
$1.26 |
Change
-0.005(0.40%) |
Mkt cap ! $1.958B | |||
| Open | High | Low | Value | Volume |
| $1.26 | $1.27 | $1.24 | $3.242M | 2.581M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 39448 | $1.26 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.26 | 18567 | 3 |
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| Last trade - 16.10pm 29/11/2024 (20 minute delay) ? |
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