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anln's die on march 5

  1. old man river

    3,353 Posts.

    March 6 is going to be an interesting day for ANL, to see just where exactly these ANL shares settle.

    If the ANLN shares are trading at 7.2, and the ANL takeover bid lapses on March 5, they will probably come straight back to the ANLN price.

    Neither Glencore nor Maitlin have clear control of this company. Also it would be very difficult (legally) for either of them to wander into the market and pick up some more shares with have to trigger a full bid and I assume they would need to (are their any creeping provisions in ASX where you can buy up to 5% in a yr without making a takeover bid?)

    This will be interesting.

    I am quite happy to be piggy in the middle on this one, let Maitlin and Glencore fight it out.

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