Looks like a 1 + 1 = 1.75 and bs deal.
Can't see this adding value to Kin (sp down today), it chucks PNX a dodgy lifebelt (sp flat today).
A deal dreamed up and shoved through by the common controlling shareholders?
'Independant Board Committee's' in this situation are probably a cheap fiction.
A Maladroit Omnishambles.
(Words of the day from the Lehrmann-Higgins Justice Lee judgement!)
Ann: Kin And PNX Merge to Create Exceptional Platform for Growth, page-8
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