A reader writes (excerpted):
“….with ANM rising and now over $7, is this growing market expectation of a counterbid.”
Answer: No. It’s more about being attached to ‘good paper’. Here’s the chart showing First Quantum (FM.to) versus Antares (ANM.v) since the takeover was announced.
Not saying a counterbid is impossible, however. We’ll have a little more on the ANM situation Sunday in IKN78, subbers. DYODD, dude.