I recently posted on Sphere Minerals, a company currently under a takeover offer with the potential to receive counter bid(s). The company yesterday got a nice little mention in an article in the UK's Telegraph.
Apparently Sphere Minerals shareholders have been receiving calls from Xstrata appointed staff to contact clients and urge them to accept the takeover. I've been in broking circles for some time however I have never heard of this occurring before.
For inexperienced readers it must be noted that there is always the risks associated with takeovers not succeeding and the stock then trading lower without the support (or floor) of that bid.
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