OTCPK:PALDF - Post by User
Comment by
divestoron Oct 07, 2019 11:59am
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Post# 30203806
RE:RE:I don't like it
RE:RE:I don't like itHere are the provisions for a better offer:
The Arrangement Agreement also includes customary non-solicitation provisions following the expiration of a 30-day modified go-shop period, during which period the Company and its representatives have the right to respond to bona fide expressions of interest in respect of an acquisition proposal. If NAP accepts a superior proposal during such period, the Arrangement Agreement provides that a go-shop termination fee of C$24.5 million is payable to Implats. If NAP accepts a superior proposal following the 30-day modified go-shop period, the Arrangement Agreement provides for a termination fee of $37.7 million payable to Implats. Implats has the right to match any superior proposal within 5 business days. Read more at https://stockhouse.com/news/press-releases/2019/10/07/impala-platinum-holdings-limited-to-acquire-north-american-palladium-ltd#3F1WCmPeEkgPyObJ.99 mouserman wrote: crow27 wrote: but that is how is rolls. This may be the first of many offers for the company. It could still see much upside from here. Your worst case is waiting and getting $19.74 and you just might get more if you wait.
I'll wait for more.
Well definitely not selling for less than the offer price, and it appears by the premarket action many are selling at market. I can wait for 19.74 and perhaps a higher bid from another big fish for a very profitable standalone palladium producer like PDL.