All three Offers remain non-binding. My guess is that Tanarra is supportive of a $4.60/share firm Offer. Trading a couple spreads through terms. Buy around terms, and on any weakness.
What is covered in the Full Insight:
Introduction of Bidders
Indicative Offers and Reactions
Details on Insignia Financial
Shareholder Dynamics and Reactions
Conclusion and Implications
SUMMARY
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