The BOD have recommended SH accept. It is their fiduciary duty to act in SH best interests.
If this offer is knocked back.....either by SH or the FIRB....hello $5 to $7 SP, in the short term. Could go lower. Its a shell of a business without SAMR, read SMH article....they aren't getting it, that is why the board have said take the bid.
Bal is a canning line.....Importing milk powder from all over the world at the cheapest price. Its not a Tasmanian dairy co....feeding the livestock by hand. It is an industrial polluter
Its hardly a bidding war. Bal is lost in the world and may never settle again.
BAL Price at posting:
$12.95 Sentiment: Sell Disclosure: Not Held
