I think that there is already a precedent that ' in the best interests of shareholders' means the expert report has to include both 'fair' and also 'reasonable' criteria.
This has already been tested in the courts... i'll dig up some judgements.
The term 'in the best interests' is nothing more than dumbed down wording which has so many shades of grey it's laughable.
Hope the BOD pass this onto their tame 'so called' expert.
I believe that there have been cases in the US, not dissimilar process applies, where a so called expert had dumbed down a report to say what the principal (ie company) wanted, only to find that both the experts and the company he worked for were at the bad end of some very serious litigation. (Again i shall try to dig out, along with some lawyer friends) as to actual precedents.
Let's keep moving on all fronts !!!!!
RAP Price at posting:
11.3¢ Sentiment: Hold Disclosure: Held
