Q: It’s been bought out. Will there be a higher take out price? Bidding war? Do I just ket the transaction play out in my account? Hold? Sell?
5i Research Answer:
With 17% insider ownership, and an all-cash bid that was a 50%+ premium to the market price, we doubt another party emerges. We would hold for now. The company will release an offering circular in the next week or two outlining all details and conditions of the offer.