There is a stalemate as the Board and Shandong Xinjufeng appear to have similar levels of support. The risk (12.1% downside to undisturbed)/reward (10.9% spread) is unattractive.
What is covered in the Full Insight:
Introduction
Offer Details and Premiums
Board's Strategy and Shareholders' Response
Shandong Xinjufeng's Challenges
Potential Counteroffer from Mengniu
SUMMARY
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