I see Austock is happy to buy up to $9, but I would have thought given the terms wer so informal, that this will take a while to play out and for V to come back with a formal bid.
Also what chance FIRB agreeing to O/S ownership in an Aussie grain business? Low I would of thought.
Would think 3-4 months to go here....
Wouldn't be surprised to see people take it off the table (profit at least and hold the original stake) and revisit this in a few weeks.
In the meantime, we may see a fall in (mild) markets and could see this and others a little cheaper.
All speculation on my behalf of course, but thought I'd post my thoughts anyway....
Good Luck...
ABB Price at posting:
$8.61 Sentiment: Hold Disclosure: Not Held
