RE:RE:Hostile $2.52B bid for CentaminCentamin's board rejects EDV's proposal: https://www.investegate.co.uk/centamin-plc--cey-/rns/statement-re--possible-offer-by-endeavour-mining/201912030900164715V/
Clearly, the market doesn't agree with them (that the proposal benefits EDV more then CEY), given th SP rise on the announcement. However, that could simply be becuase the market now sees CEY as "in play".
Of course, it is the CEY board's duty to get the best possible terms for their shareholders so they have to angle for a better price. Will be interesting to see how this develops. Given their track record of walking away from the mooted Acacia deal, I don't think EDV's board is likely to overpay.