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This is my point, im sure there will be a 3rd party thinking at £6B the enlarged group looks good value for money, so if everyone wants to play ball and accept an offer of £3.60 which BASF have already accepted in theory, then wouldn’t that be an attractive offer for all party’s involved?
Could a bid be made on the assumption of a completed deal or can a bid not be made until the deal is completed at the end of this year?
I do mean the whole enlarged group. What’s to stop BASF selling out if an offer was made for £3.60 for roughly 1.6B shares 770+950m shares 1.720B shares at £3.60
£6.2B buyout? If BASF accept with such a huge % of holding couldn’t HBR get dragged into a cheap sell out?
Eh? That’s the point nitro, they have basically accepted £3.60 and if approached by another company for a full T/O I imagine they would accept an all share buy out of that price and not have the hassle of feeding those shares into the market a year down the line with a lot of uncertainty.
HBR could be capped at a price here because I’m sure HBR and BASF probably expected a better response to the merger news. As it stands they are still underwater with their £3.60 price?
Just back to my last sell price now, nothing lost nothing gained.
Struggling to bring myself to jump in though. Feels very fake with yesterdays seller. HBRs big holders are always in the know
Offering 2.15 for 1mill shares now. Crept up from last week
I think we are going to see an uptick here soon.
The price action has seemed to be scratting about accumulating any shares they can and they are just getting snapped up. Big will move north soon
When that macd crosses down in the next couple of days I think HBR will get hit hard.
Like NSS said this is half way up the flag pole, it doesn’t know if it’s coming or going and is totally dependant on the deal now.
I don’t want anyone to lose money, but HBR rarely bucks the TA trend and if that cross happens I’d be surprised if this doesn’t retest the recent lows or 280.