RE: AA’s biggest shareholder sets up roadblock to buy-out with objection to ‘derisory’ offer30 Nov 2020 00:36
I’m not as learned as many on here, but as a ‘first pass’ it would have enabled Bidco to hoover up a decent wedge at 33p to 34p which, should they need to, and want to, chip in more, then their av cost might work out where they want it to be.
At the EOTD, summit is only worth what sumbody is willing to pay. Thing is, we don’t know that, so we have to make a call along the way. Whist I took my profit, I am interested to watch it all play out. It’s a bit like buying a secondhand car, you can always try a lowball offers and work up