The announcement states that the directors are unanimous in accepting the offer for their own share holdings. Presumably the directors are not completely stupid. Can anyone make sense of why they would be accepting an offer that appears to both under value the company based on today's profit announcement and is at a discount to the current trading price? The offer reads as an insult that you'd ordinarily reject without a moment's thought. Am I missing something here?
Reaper.
SGH Price at posting:
56.5¢ Sentiment: None Disclosure: Held
