GB Group Ord Shs GBGPF

It’s a little concerning....

[Valuewalk]

That the market is pushing the deal spread so wide. This is not normal behaviour. In M&A the large knowledgeable participants tend to push the market towards the inevitable outcome.

I also can’t understand why ACB won’t make the bid official? It’s not that complicated but they aren’t coming out with it. Are they still deciding whether or not to walk away?

Might be time to reconsider CMED and just buy ACB directly.

[Stonyguy]

How much more official do you think they should be, they have told the world they are going to take them over, whether they like it or not, that’s the nature of a hostile takeover.  The HIP transaction is the pot hole for ACB and represents an unknown risk, so that may be where the hesitation lies.  It’s my opinion the HIP deal is the icing on the cake for ACB so it possible they are

[Valuewalk]

Just regular official since it's not official. Why does the stock keep sliding? Institutions should be snapping it up if this is going through. I don't want to wake up to $15.

[Extalliones]

It's sliding because it would appear that CMED doesn't really want the deal, or at the very least there is uncertainty surrounding it at this point, as it wasn't a formal offer, and CMED accordingly didn't bother to respond to it.  The offer of $24/share is what propped up the SP in the first place.  I think some people are concerned that if they lose the offer (or rather

[Pivotcatalyst]

CMED did not really want deal? Stating the obvious as ACB has stated they are going hostile

[Stonyguy]

Is rejecting a hostile take-over bid possible, or would other measures be needed?  What I understand is ACB is proceeding, until we hear otherwise this all we know.  So the depressed CMED SP does make me wonder