RE:Ohara counter offer
I have said it before and I will say it again. I can't see the business mind in ALFA they tried to make a cheap shot and failed, I would also try and steal a company for as low as I can. Who wan't to pay more than you need? Well this failed brutaly. If the company is dead meat then why would you offer 6.50 in the first place? PLEASE EVERYONE use some part of the brain.
O´hara guys are very quick and smart. They moved on this one and bunked up a load of cash. CORTINA will push more money O´haras way if needed and just like statet WHY PAY 100 more MILLIONS than needed?
PRE WILL CONTINUE INTO MEXICO WITH ALFA AS A PARTNER so nothing has really changed! Part from that you were given some extra time to purchase PRE Shares at a great price. You don't buy now when it has dropped down you will most likely regret it later.
THERE is always a chance that everything goes wrong but I doubt it in this case.
BIG MONEY here.
Remember PRE Manangement where to BUY into the new Company for $6.50 a share.
SAY WHAT YOU WANT. But I will increase.
if no NEW OFFER will come PRE will ride out the storm.
MEXICO, PERU is waiting