GREY:MAAFF - Post by User
Post by
CapeBretonon Apr 20, 2011 12:02pm
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Post# 18461404
another bid not impossible
another bid not impossible
I agree I think another bid is very unlikely.
But food inflation is rising, 25 cents is a low offer given the size of the resource, and they have always indicated there were several horses at the trough.
This means another bid is not out of the realm of possibility.
What management needs to do is to let shareholders know if they think this is the only offer they expect or if they are open and possibly expecting other interested parties to come to the table. Management must show some clarity on this because the option of a bidding process is realistic (albeit not overly likely)