PINL:VLTAF - Post by User
Post by
ALLEN4on Oct 28, 2013 2:20pm
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Post# 21855083
Possibility still there for a competing offer
Possibility still there for a competing offersee comment below from Press release.
"Volta's board has agreed to give B2Gold the right to match any competing offer and would pay a $2 million fee under certain circumstances if the deal doesn't close."
I think it is not just the dollar figure that is important in considering competing bids assuming there might be some. You also want to consider the credibility, cash resources, and past successes of the acquirer. I think we would be hard pressed to get a better acquirer than BTO even if another company came along with a better price.