who dare to buy, page-11

all media articles showing disagreement in Board regarding some deal.

Below is paragraph from SMH

''The company cited 'personal reasons' for Cottee's move,'' one analyst said. ''But it seems like a deal was on the table which the board didn't agree with. A lot of institutional and retail investor interest in Nexus was due to Cottee, and his departure will see the selling continue.''
Brokers speculated the collapse of the Nexus share price could prompt Shell to move, since it needs more gas for its Prelude development nearby.
Mr Cottee had a three-year contract, with three months' notice required to terminate. If made redundant, he would be entitled to six months' fixed remuneration. In the year to June, his remuneration package totalled $1.39 million, including $382,500 in share-based payments.
Queried after yesterday's share price collapse, Nexus said it did not believe the sell-off had anything to do with the company's prospects, saying negotiations to commercialise the Crux field and another asset, Echuca Shoals, are continuing.


Read more: http://www.smh.com.au/business/cottee-departure-sends-nexus-into-nosedive-20110922-1kndh.html#ixzz1YiYM4JGc