What a pathetic deal - the BOD and management should all hang their heads in shame at not being able to get an improved deal or simply walking away. The overall PE re-rate of most ASX companies in the last 6 months only further demonstrates how opportunistic and low-ball this final offer was.
After all the years of "ramping up" the shareholders don't get the benefit, more of a penalty to hold for the final payout in October with the price being discounted by the impending dividend.
VLW Price at posting:
$2.32 Sentiment: None Disclosure: Held
