BPC burns, philp & company limited

If Hart buys BPC for net asset value, isn't he effectively...

  1. Mill99
    137 Posts.
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    25/08/06
    07:57
    Post #: 1757024
    If Hart buys BPC for net asset value, isn't he effectively buying BPC for free? He pays a dollar to get a dollar? If going private was the best option could't BPC simply have reduced its capital (restructure) to take out the minority shareholders.

    I don't hold out much hope in the directors giving an independent view.
    BPC Price at posting: 0.0¢ Sentiment: Buy Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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