There is none. Bidder statement's are allowed to say whatever they like, but it's our board's job to respond (Target statement).
The shareholder is meant to be discerning between the two.
Personally, it will be a really dumb idea for a KBC shareholder to sell to YOW, given that KBC is already the majority owner of YOW!
Additionally, you really don't want to be a YOW shareholder. Its a $3 million market cap company that is paying some individuals ridiculous salaries while the company book value is declining. See table below![]()
Ann: YOW: Off-market Takeover Bid for Keybridge Capital Ltd, page-3
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