Ann: D&Ds proposed divestiture for Link acquisition consultation, page-71

The problem is the system is broken but no one wants to say anything. I find it ridiculous how companies when they try and justify a takeover will use offered price v current price as a justification for showing value instead of underlying value. The fact that current price might be articifially supressed is never raised (though in pretty much every case i have seen there seems to be suppression).

This will only change if people start demanding change - unfortunately in Australia this is not the case so end result is Mum & Dad investors lose out.

Some practical solutions that might go to solving this is to prevent acquiring party from voting on any scheme. Also when determining the takeover price, it should be based on underlying value rather than just current price (as current price can be impacted by various factors). However like everything else in the country (housing is a great example) no one will actually put in the hard yards and politicians with their snouts in the donation trough will not act. This will go on until people are willing to act. I don't have any hope for my generation - hope my kids generation will react better.

GLTA