That is the question...in short the following shows what a BUY axa is....i fully loaded up today...there is no way known axa won't gain 5-10% in the next week (famous last words!) Opportunistic shorters are hoping against logic in my opinion....
"The revised offer equates to $6.22 a share based on Fridays close. This is made up of $1.92 in cash and 0.6896 AMP shares per AXA Asia Pacific share.
The original offer was for $5.35 a share, at the time representing a 31 per cent premium to the AXA APH pre-bid share price."