Her'es what's fair and reasonable for MOS, from the latest ANN:
"PwC has assessed the fair market value of Mosaic shares to be in a range from $0.128 to $0.197."
AGK has bid in the lower range of MOS's value. AGK has done the hard work in getting the independent report done, so a new suitor can gallop in and still get MOS for cheap- just above AGK's bid.
Let's face it, AGK's share price is going nowhere fast, and has been for as long as this takeover has been going on. If a new suitor proposes a bid of 15.5c for MOS, it would be game on and AGK could offer more. I think AGK can afford it.
MOS Price at posting:
15.0¢ Sentiment: None Disclosure: Held