Will be interesting to see is any other companies step up and beat this offer for Roxmark... as the only company with fully-operational mill they would likely be wanted by others in the area...
IMO good buying opportunity here with pull to 26 cents...
red911
"Ontex will have the right to match any unsolicited superior proposal received by Roxmark. However, in the event that the transaction is terminated as a result of superior offer, Roxmark would be required to pay Ontex a break fee of $1.6-million. Should the transaction be terminated as a result of a competing business transaction involving Ontex, a break fee of $1.6-million would be payable to Roxmark."