Finally got around to re-reading the announcement in detail (again)
1) Shop and Standstill restrictions, essentially CX can't shop around for a better offer and TSN can't ask for a different price.
2) Interesting that it was the ASX requiring shareholder approval as this will be considered as a substantial change to scale of activities, but regardless of that, the financing terms would require it anyway, so I expect that any EGM called will have at least three questions, Do you approve in the change in activities, do you approve to the change in balance sheet, and do you agree to the additional 8% shares to the TSi CEO/CFO.
3) No news at all about the CEO yet...reckon Mohnish will be it?
4) Well...
I suspect that TSi will come in as a 100% subsidiary company under TSN
TSN Price at posting:
3.0¢ Sentiment: Buy Disclosure: Held
