K2P 0.00% 18.0¢ kore potash limited

Jayhotcopper,I will accept the deal at the last minute in the...

  1. 1,141 Posts.
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    Jayhotcopper,

    I will accept the deal at the last minute in the absence of a better offer. But I will not accept now because the more that people accept now, the higher Dingyi's voting power will become and this will discourage any rival offer being made.

    You said: "By accepting now you assist in Dingyi knowing how many to pre-buy to get the take over across the line"

    Dingyi cannot buy shares during the offer period without shareholder approval.

    You said: "By holding out you open up the opportunity for Dingy to raise the offer or for another offer from elsewhere to be put on the table."

    I agree completely.

    You said: "By holding out you raise the risk of Dingy pulling out"

    I disagree. The big shareholders typically wait until the last minute anyway. The offer remains open until 21st November and they will wait until that time is passed to see if they get 50.1% imo.


 
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