Sorry, my bad . i should have considered the market cap @1150 and FaceValue = 5 instead of fully paid equity capital. Then in that case it appears every 1 in 2.5 bids by retail will be accepted . Assuming not all retail will tender theirs stocks , if i approximate it as for every 2 bids of mine 1 will be accepted , then even if i buy today @933 , i make a safe profit of nearly 10% . (i.e (1150-933)*100/1150 = almost 20% , half of it is 10%) .
Am i making sense ? or am i goofing up the calculation ?