MCC 0.00% $16.01 macarthur coal limited

what I find interesting is:"Having announced a bid,...

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    what I find interesting is:
    "Having announced a bid, Peabody-ArcelorMittal are bound under section 631 of the Corporations Act to proceed with the offer"

    With Mkt still at a 3% discount to offer there is easy "guaranteed" money to be made with further upside potential if competing bid arrives? or am i missing something??

 
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Currently unlisted public company.

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