With an average PE of 21 in this sector, Ab***** at 13.3 is hardly fully valued. I bet Bidvest will be willing to pay more than 65 for this. They have mighty deep pockets, and with Cipla off the radar, Ab***** has become the only avenue into this lucrative sector. Aspen is out of reach - even for Bidvest.
Brian Joffy surely is one of the sneakiest CEO's around. Better to have him on your side than not. The delivery time of the letter to Ab***** is awfully suspect. 19:00pm on the eve of a long weekend and coming Easter weekend. WTF ? Maybe I'm reading too much into this ?