Management need to kill the deal or negotiate new terms, page-29

It would be a brave “independent expert” who did not acknowledge that a change in valuation of the scheme of arrangement is necessary due to the profit downgrade of Lifull and the consistent upgrades for Mitula. Mitula’s board should also release the EOYF report so the market can be better informed of its value.
If the expert report values Mitula higher than the current offer the board can walk away from the scheme break free.
ASIC is engaging with independent experts more readily to make sure they are using the correct information to come to an evaluation. They are also flagging more reports than ever.
The information regarding independent experts in ASIC’s recent report# 567 is an interesting read.
https://www.herbertsmithfreehills.c...-reverse-takeover-votes-and-shareholder?pdf=1

https://download.asic.gov.au/media/4654331/rep567-published-26-february-2018.pdf