ResApp's Deed of Implementation is a little different in that it requires the expert to determine if the offer is "in the best interests of ResApp shareholders":
Thus the test of "fair, or if not fair then reasonable" doesn't apply.
In a way this "in the best interests" is a much harder test to apply. The interests of a shareholder who needed the best deal for their money before the end of June are very different to those of a holder who has a longer investment horizon.
RAP Price at posting:
11.3¢ Sentiment: Buy Disclosure: Held
