This whole 'scheme' is as dodgy as. The vote is on 18th September yet the closing date for election of consideration is 5pm (Perth) on the 12th. As we've elected to receive all correspondence electronically, we've received nothing by post. Nor have we received an email and are yet to find any Election Consideration Form as described on page 4 of today's ASX announcement online.
Furthermore, its worth having a close look at notes 3 and 4 (page 5): not only will the DDH CEO receive a direct benefit from the transaction but is also on the Independent Board Committee. Other 'independent' board members Smith-Gander and Sutton jump ship from DDH straight onto Perenti's board.
The wild west at its best.
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