Quote Originally Posted by TheHunter View Post
Notice says shares and scrip... so cash and shares in the new group. As for price/quantity of this offer, will have to wait and see.

Surprised people are selling for under $1.80, given the immediate lodge for a take over and 20% purchase @ $1.80 - surely the offer will be at a higher price than that.
They bought of instos at $1.80 didn't they? My guess is there would be a ratchet clause in there if they increase the offer price above that so I would expect the offer to be at $1.80 - at least initially.

If you want to 'hold on' to your shares, why not accept the share offer and have a shareholding in a 'potentially' much better company.

Will be interesting to see what happens.