Info Circular - Other interest notesSo I've just consumed the deal information booklet, most notable reading was the "Background to the Arrangement" pages 62-68...
There was 1 other offer to consume/combine companies, both had a similar share price base at the time of offers. But CXB's offer got raised upon request.
There was 2 other interested companies that did not make offers, they were also later to the discussions.
'several' others sniffing around but were late into the process.
A financial company offered terms to finance under a smelter royalty.
CXB intial discussion was while the share price was at 80 cents, initial offer was when the share price was at 74 cents, the other company made an offer after the share price bottomed and was trading at 59 cents. A day Later CXB increased the offer as per request.
So the wheels of deal were in motion before the September-October crash. And it didn't seem like there was going to be much of an interest in bidding up the transaction value much above where we were.
This is why we read our information booklets.