Thanks Bützbuster, Puhbär122 for the valuable info in the press articles.
If there is no sudden disaster event, all the articles confirm that JSW will offer a TO, full or partial, to have some control over PDZ's mines.
Anyway, JSW has to offer PDZ's shareholders premium to acquire PDZ shares.
Full or partial, the premium must be much higher than 41c.
If offer at low 60c, the profit would be ~50% vs PDZ's sp now at 41c.
If at $1, the profit would be > 100%
DYOR
PDZ Price at posting:
41.0¢ Sentiment: Buy Disclosure: Held