BRS broadspectrum limited

Ann: Change of interests of substantial holder-BRS.AX, page-6

  1. 112 Posts.
    I agree, i would have preferred to hang onto the shares without taking the losses i did but when directors turn around and basically yell sell \ take the offer and do it now, it screams something is not right.

    Perhaps this will be a decision we all may regret, considering BRS were saying 300 mil EBITA, they will be able to use that money to pay off a lot more debt, i still think they got the company for way too cheap at the $1.50.

    But with all the major instos selling into the TO Offer, and acceptance rate over 80%, with ferrovial saying they won't be paying any more dividends with the view to taking it private if they get 90% or more acceptances, it didnt leave much choice but to accept.
 
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