ozl rejects rival offer, page-21

I am sitting on the sidelines here, but maybe the deal has been on the table for a lot longer than the current perception. These new potential deal makers have been forced to leak the news publicly (at what seems to be the last minute) because OZL had committed itself too early to the current deal, to show there are other options. Allowing this to be put forth after them have committed would mean they (the board) would lose face. With so much on the table (over a billion at stake) and it being well known the OZL debt situation for 9 months now, I am sure such organisations would not have left it so late.

Just an opinion, but for me there does seem to be too many vested interests at the decision levels currently. Selling very good assets (Century etc) at the bottom is a worst case for me, which doesn't seem to be required now. Financing freeze as a result of the GFC has thawed out a bit it seems and though this refinancing group seems to be getting a pretty decent deal, I think they deserve some reward.

I have never held OZL, but will be considering doing so once the dust settles a bit as once recapitalised; the income stream does look promising.

Goodluck holders