bristile dividend & takeover bid

  1. 12 Posts.
    Could someone please explain the situation here? Next Mon a div of 22c is due, Brickworks has a take over bid of $3.65 + dividend, current price is $3.86. Why would people accept this offer when they can hang out till Monday, get the dividend and then sell above $3.65? Will the price drop to below the $3.65 after div? Sorry, am a little confused here, can someone explain for me?
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