"ORS chariman wants to buy the company he listed at 25 cents for just 2 cents/share"
Even that looks like a generous assessment. The bulk of the consideration is shares in a company you already own. Unless there's something I've overlooked, the maths suggests simply distributing the shares & options in AYC in proportion to current ownership in ORS would result in a better outcome for ORS shareholders (even after taking into account debt).
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- Ann: Proposal to Privatise Company
Ann: Proposal to Privatise Company, page-15
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