Really sad for shareholders and Australia in general that this essentially Chinese state theft of BAL at basement prices is just waved through.
Sure, some people made 20 or 50%. So they won't complain. The offer looks so generous because of how low the price was beforehand. Others barely escaped at break-even when it was only due to the political games that it got to such low prices as $8.
And we all know SAMR will be approved pretty much literally overnight on the day this changes hands. Will you be happy then, knowing that it would have been worth $20 a share if you still owned it?
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Ann: Court Approves Scheme Booklet & Meeting, page-21
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