RE:RE:RE:RE:RE:RE:Kubota will not walk awayAs far as that goes, Kubota has not much control over a competitive bid in the sense that
The Arrangement Agreement provides for a non-completion fee of approximately CAD $4.5 million. The non-completion fee is payable in the event that the Transaction is not completed or is terminated by AgJunction or the Purchaser in certain circumstances, including if AgJunction enters into an agreement with respect to a superior proposal or if the AgJunction Board, in certain circumstances, withdraws or modifies its recommendation with respect to the Transaction. The Arrangement Agreement also provides a reverse termination fee of approximately CAD $4.5 million.
That means if another offer comes up that is substantially over 0.75 per shares, assuming the new party is quite willing to cough up CAD $ 4.5 million Termination fees, BOD would have no choice but to entertain it and if the offer is serious, then go back to Kubota and rengotiate etc.
So really, all depends on if there is another bid or not OR if the BOD and Kubota thinks that 0.75 per shares means, they will not get enough vote to approve the deal so better sweeten the offer..
Personally, am willing to wait and see how it plays out.. Final decision has to be whether to vote for it or turn it down.. If I feel bloody minded enough, I might just vote "NO" and see how it ends up..
FWIW.. For now, a waiting Game..