Ann: Senex advises of takeover discussions, page-48

sorry Hotfire I should have added - there has not been a formal takeover offer that’s announceable but just an invitation to have a confidential chat which has lead to Dr and exclusivity. I think that perhaps the board should have announced when they went exclusive but reading this announcement they only just took advice. So there could possibly be an argument for announcement when they went exclusive but even then the Board could try to argue that until the price was meaningful it wasn’t serious. The risk is obviously whether there has been a leak in the last few weeks but the price has been relatively still.
The question is what has triggered announcement today? Given its still in exclusivity what triggered the announcement if the board didn’t think it needed to be announced on date of signature.
Much to yet be unpeeled here. While their advisers are tops if only just instructed them they cannot fix errors. We will watch carefully.