what a sensible board would have done

I promise this will be my last post for today, but in my view what the Board and management of TIS ought to have done is the following:

(a) They should have given some inkling to the market a month or so ago that this was the direction they were heading in. This could have been done via a newsletter, interview or something similar.

(b) They should have announced this deal last week a few days ahead of the AGM so that investors could ask informed questions

(c) They should have included full commercial terms of the deal in the announcement.

(d) They should have included details of expected expenditure and earning projections in the announcement.

They have, of course done none of these things. They look like complete nonces.