I do not expect retail investors like us to make a scrap of difference to the outcome. We can refrain from acceptance and likely end up as minority shareholders (as if that is a change). UAC have said that they do not care if they get to compulsory takeover level or not and so the company may well continue as a separately listed entity on the ASX with UAC as a majority holder (still to be proven). Hence, if you like the prospects of IFN and are prepared to trust UAC as a majority holder then you may as well ignore the offer when it comes and hold tight. At the worst, you will be faced withg a compulsory takeover and receive the same terms as everyone else. I note, however, that Morningstar have previously assessed a decline in earnings for the 2021 year. UAC appears to be controlled by a Philippine company. Make of that what you may.
IFN Price at posting:
80.5¢ Sentiment: None Disclosure: Held
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