Wow, a wide array of scaremongering in that document.
One would never invest in stock market per se listening to the arguments for accepting the offer therein.
SGH was trading at $0.59 before this offer people. One will have to wonder of shareholders who accept this deal, at a discount price, why there were ever invested in the company to begin with?
I will be voting a firm NO. This deal under values SGH and you know why the Board are voting in favour:
"Slater & Gordon anticipates that Allegro will invite the three current independent directors to remain on the Board and John Somerville to continue as Chief Executive Officer should its Offer be successful."
and their performance rights will all vest forthwith. No waiting. Nice cash in hand for forward awards that require loyalty and hard work in the interim if the company remains listed
This Board is NOT looking after shareholder interests. Only their own.
SGH Price at posting:
55.0¢ Sentiment: Hold Disclosure: Held
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