Well it shows that the FR shareholding has artificial deflated the EI share price.......it could however be institutional investors buying in on the chance that FR will offer 1.50 or more if given the go ahead. Does anyone know can they increase their bid?
Didn't the EI CEO state last year that based on assets/slots/cash reserves that EI was actually worth 1.70. Of course this is the same for many companies, share value is a reflection of the level of trading and the attractiveness of the stock portfolio.
I know the 1st bid was stopped, the 2nd was withdrawn before it could be closed/ended, this is the 3rd attempt and we will soon see how this pans out. I believe FR have a one final shot if this bid is shut down.