Ann: David Jones Board Recommends A$4.00 Cash per, page-56

re: Ann: David Jones Board Recommends A$4.00 ... Unsure if this has been mentioned, but I read someones post earlier about the possibilities of these things falling over. Many reasons for this like another scare globally for example or this article mentions ...

"Woolworths South Africa trades at an EV/EBIT of 11.6x (estimate for financial year 2015) and only has $100 million in cash." That means Woolworths will need to raise a considerable amount of money from investors, and possibly through taking on debt, to fund the deal..."

https://au.finance.yahoo.com/news/david-jones-says-yes-to-surprise-takeover-in-snub-to-myer-230833090.html

Not a forgone conclusion.

As an old friend use to say when selling property, " Don't be greedy, always leave a little for the next bloke".