Noooooooooo
I was hoping this doesn't happen now that IPP is poised for significant growth and become profitable!!! This could've been a $10 stock in a couple of years. Only way to play it now is get REA shares and that's not for me. I think I'll be holding out to the very end to see if they sweeten and improve the offer cause one can tell they are in a hurry to pick up IPP before growths cranks up. What a bummer. Under normal circumstance you'd be cheering but this is a huge let down.
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Ann: Proposed merger between iProperty Group and REA Group, page-2
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