PGH 1.27% 77.5¢ pact group holdings ltd

Ann: T/O Panel: PGH Acting President Makes Interim Order, page-28

  1. Giz
    852 Posts.
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    A public company's board of directors is chosen by shareholders, and its primary job is to look out for shareholders' interests. In fact, directors are legally required to put shareholders' interests ahead of their own.

    If you look at what has happened over at the SVW (Seven Group Holdings) off market takeover of BLD (Boral), Kerry Stokes led conglomerate is saying the independent valuation is incorrect based on a number of things that are listed in the latest supplementary bidders statement and that the independent valuation should be revised down to take these things into consideration, which is in stark contrast to what I think should happen with our own independent valuation of which the BOARD should have requested based on the last financial report that our valuation should be revised and the offer suspended until it was complete. This is what would be classed as the board acting in the best interests of the shareholders!

    But all we hear is crickets from our board, nothing, not a peep, possibly all they are waiting for is this to all be over

 
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