SWL seymour whyte limited

Please wake up and realise that in all likely hood this business...

  1. 564 Posts.
    Please wake up and realise that in all likely hood this business was shopped and VINCI had the best offer. I think there was a Watpac article saying they had a look but SWL went with VINCI. What's on the table now is the best it's going to get in my gut opinion. Plus it's not a deal yet and the price is heading down not up. If I owned shares (I don't) I'd be exiting asap and running for the hills. What's the upside of $1.28 vs current prices versus the risks of no deal? Plus bid structure implies a huge dividend which means huge tax costs for any holders in personal names with assessable income 30%+ marginal rate.
 
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