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Ann: Ramelius Makes Recommended Takeover Offer for Breaker, page-108

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unitfree2

890 Posts.

127

21/03/23

11:43

Post #: 66875992
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Originally posted by asculpeous: ↑

Thanks to those who have pointed this out.
For long term holders (short termers have probably already sold out) it would be logical and less risky not to accept the offer and risk have to pay CGT if less that 80% acceptance.

Also if you don't accept the offer there is a chance that a sweeter deal will come along. Can't remember an escalation clause in the offer document which again goes to the heart of the deception that BRB shareholders may face, Fancy sign over at this low ball/ stink bid and then finding that a bigger offer comes along that you can't partake in!

Each to his own but Asculpeous is not acceptIng the deal and at this stage will wait for compulsory acquisition.

Happy to hold the bidder for the long term as they will gain from BRB,but would prefer a competitive bid which the directors are not able to pursue.
Each should think deeply before accepting.

It is a low ball mean spirited deal and no one should be swoozelled by some posters who say there were problems with what BRB was doing. Some were even on the company payroll ..perhaps? given the way their tune has changed.

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Agree 100%, funny how some posters very bullish BRB now sowing seeds of doubt. Hmmmm

BRB Price at posting: 37.5¢ Sentiment: Hold Disclosure: Held
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