Wow $68.50 acquired and approved by the board.

I feel very fortunate it is one of my largest holdings but goodbye to one of the best ASX tech stocks by the looks of things. ALU has been an absolute wealth winner for many years.

whether ALU would have grown into its share price over time but you need to back management that they have made the right call. They knocked back autodesk takeover during the Covid period which at the time looked a decent bid given where the share price was at and where it slid after rejecting the offer. Turned out to be a great call.

lets hope a counter offer occurs. I never know what to do in these situations where it’s likely the offer will be approved. Do you sell some at this price or just hold and hope for a better offer to come for a high quality tech stock.