Somebody correct me if I am wrong, although speculation of NCM lodging a takeover has been in the rumour mill for a long time, today is the first time it became official.
It is usual practice for the first takeover offer to be rejected, takeover strategy 101. Surely there will be a second offer. I still can't believe opening price estimate is where it is now.
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Somebody correct me if I am wrong, although speculation of NCM...
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