adi is not going backwards.. its above the bid price.
i am adding atm on the shares i hold, i think a lot of long holders would probably think about it and perhaps doing the same also. there is very little downside if your sitting on a massive upside gain from the .20's
.60 is the already a very nice appraisal. so awe would have little problem in raising the bid significantly and not have to justify the reasons to its shareholders..
its got to concede the current offer is both "unfair and unreasonable" with a .60 valuation sitting there.. its possibly got little choice but to accept the valuation as reasonable.. and could easily justify a much higher bid and cleanly get the lot..
will awe make this an ugly protracted long term bid? its not likely want to imho.. its more likely going to want a fast clean takeover and pay a far higher fair and reasonable price
just a view and and i think many long term holders may share it..
ADI Price at posting:
41.5¢ Sentiment: Buy Disclosure: Held
