Looking for a brightside in the current fiasco at least my Milford account will profit even if my own shares don't!
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Looking for a brightside in the current fiasco at least my Milford account will profit even if my own shares don't!
Why Bluescope pay premium price to stop fbu take over?
They must have thought it was cheap.
https://www.odt.co.nz/business/fletcher-blocked-out-st
Takeover play over.
Back to fundamentals.
All eyes on AGM tomorrow.
Or they are still playing games and want any takeover premium in the share price to disappear. If they do still have an interest in STU they should imo work behind the scenes with com com and get any clearances necessary to announce an unconditional offer. They should then follow this up by locking up 20%+ of the stock triggering a requirement to make an offer.
The problem for STU shareholders is that this looks identical to FBU walking away.
It seems just as fast as the flurry of activity started, it is now coming to an end with the share price slowly getting back down to the $1.20's it was prior to the takeover speculation.
Starting to look bloody cheap with recent professional? valuations of $1.70 and $1.95.