RE: Takeover blues?12 Sep 2020 10:16
If you make an offer to buy something that offer has to be tempting. As suggested earlier an offer of 3.5p I don't think would be quite tempting enough. It would however leave the door open for a second bidder, (if there is one) to come forward with a slightly higher bid, which may be tempting enough to accept. If IOG really want DELT they then would have to make an even higher bid. Perhaps better to make a higher more tempting bid in the first place and kill off any competition. Just a thought.