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Redback - Definitely Good Value Now

  1. middle

    226 Posts.

    RBK has been knocked down today on the basis of Ashanti walking away for now. RBK in fact sent them packing, believing that there offer was too low.

    I tend to agree. I would rather RBK team up with RSG via a RSG takeover pitched at around 45 cents per RBK shares, which is around fair value for RBK. Of course Ashanti might come in again and offer closer to 40 cents to acquire RBK outright.

    I think this is possible. Just my opinion.

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