I can't work out why PES is still this much over $8.
No word from AOE so we don't know whether they are prepared to let the BG offer lapse (the tax question etc) . I would have thought 8.05c would be a about the right premium to take the punt on AOE deciding to sell by Monday but not $8.15c.
Kind of implies something is going on we don't know about
PES
pepper residential securities trust no. 21
takeover, page-2
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