bci now a takeover target?, page-3

NigelNZ

I feel that BCI has become less of a takeover target now that Consmin has sold out.

Two reasons:

1. The spread of shares makes it more difficult to acquire a large stake. This is where Regent were stupid. If they had approached Consmin and negotiated to buy its stake thus having approximately 43% they would have been well on the way to a successful takeover. But no, they decided to do it on the cheap and failed.

2. Consmin would have sussed out any potential buyers before placing its shares on the market. They would be horribly pissed off if they sold at $3.90 and within a few days an offer came in at say $5.50.