Has anyone been following the takeover for Oneview Holdings (OVH)? The takeover bid from Iress was at 0.40, with the stock trading at around 0.395, with it due to complete in a month from now, subject to shareholder approval.
I was very pleased to see the bid from Iress has now been increased to 0.43. The market price had a spurt but has now settled around 0.41. I will be putting in some more around that level as a nice parking spot for some idle cash for a month.
If that is all true, why not just sell at 42.5c now?Dangerous game for a few cents with Thorney trying to build a blocking stake. Could all end up falling over.