Agree, management appear to be working more for WPP than the other shareholders. Hopefully other shareholders agree and vote no to the proposed merger. If WPP want the assets of SGN they need to obtain funding lines from their bankers/advisors to provide an all cash offer that reflects the value of the underlying SGN business and pays a control premium for shareholders to provide an adequate return for shareholders to sell.
SGN Price at posting:
71.0¢ Sentiment: None Disclosure: Held