GREY:GEYEF - Post by User
Post by
Teatimenowon Jul 11, 2016 3:05pm
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Post# 25041971
Takeover offer by T.TML
Takeover offer by T.TML but i`d expect V.GPM (up 22%, marketcap around 35mm) to make a rival bid.
It`s a low ball offer by TML and GPM is the option JV partner on GGYs primary asset,
with up to 71% option terms.
It will be cheaper for GPM to buy out GGY than fullfilling option terms to TML.
not much risk here at 6cents imho
chrs