“JP wrote off the take over question a little too broadly… I may be wrong, but did he say it wasn’t really a board decision ?”
It appeared to me that he was simply emphasising that they had external advice from multiple sources to help evaluate the offer, wrt tax, conditions, etc., and concluded that it was not in then best interests of the company/shareholders, specially considering the other deal that was taking shape.
GLN Price at posting:
10.8¢ Sentiment: Buy Disclosure: Held
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