Many do, PERSON. Think BND, IVA, PTL. There are loads and loads of them. The biggest insult with BBG is the 60c offer. Maybe the Board will reject it, the share price will fall, and Naude will offer higher than 60c. That's a complete guess, of course. In management buyouts, they know all, so should have greater consideration for what is best for shareholders- not just themselves. One can bet that if they choose to pay 60c, it is worth more. They are in bed with private equity, and PE doesn't get out of bed unless they get a 25% return per annum- minimum.
BBG Price at posting:
60.6¢ Sentiment: None Disclosure: Not Held
