CERCG have certainly gone quiet. From rapid fire at the outset...

CERCG have certainly gone quiet. From rapid fire at the outset to silence since receiving FIRB approval 4 weeks ago. Chinese New Year is another 4 weeks away, so there is a window to make a counter-bid. CERCG did return after withdrawing its 1st proposal... Market is still pricing in a premium to MIN's recommended bid...Difficult to get a read on this.

Selected Takeover Announcements:

Date Description
22/12/2017 CERCG receives FIRB approval
21/12/2017 AWE: Recommended acquisition of AWE by Mineral Resources
11/12/2017 AWE receives acquisition proposal from Mineral Resources
8/12/2017   AWE recommend shareholders take no action in relation to bid
8/12/2017   CERCG Announces Intention to Make Takeover Offer for AWE
5/12/2017   CERCG withdraws indicative proposal to acquire 100% of AWE
30/11/2017 Full Terms of CERCG Australia Indicative Proposal
30/11/2017 AWE receives indicative proposal to acquire 100% of AWE

DYOR