ADE
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0.00% 19.5¢ adelaide energy limited

offer withdrawn - unlikely

  1. RIDGEWOOD
    209 Posts.
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    14/11/11
    13:52
    Post #: 9282946
    From this morning's BPT ASX announcement re. increased ADE holding,

    "The Offer to Adelaide Energy shareholders will close on 22 December 2011, unless extended or withdrawn. While the Offer could be withdrawn with the consent of the Australian Securities and Investments Commission under certain circumstances, in Beach’s view this is unlikely to happen."

    For me, it's definitly hold, wait and see.

    DYOR
    ADE Price at posting: 20.0¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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