"The Board of Directors of Alliance has engaged Deloitte Corporate Finance Pty Limited (Deloitte) to advise it. The Board, in conjunction with its advisers, has reviewed Quasar’s offer and has now rejected it.
In discussions between Deloitte and Quasar, Quasar indicated that it is not prepared to increase its offer to a level the Board would consider recommending to Alliance shareholders"
The above from the first offer. 57m (Announcement 23/2/2015)
One would assume the second offer(Announcement 2/7/2015) would be approaching a figure that Deloitte could have indicated in its discussions regarding an offer, the AGS board would recommend to shareholders. imo
Only guessing with the above but ........... The latest offer would be under consideration with the pending Court decision, if it goes against AGS. imo
Bring on the Court decision for some clarity!.
Md
