Ann: Letter to Shareholders , page-3

  1. 98 Posts.
    Essentially, CKI is in it for themselves ( like all of us) but I do not see where they are prepared to pay any CGT for shareholders as a result of their cash offer. Accepting the CKI offer means that each holder will have a component of CGT to pay unless you have capital losses to wash through. CKI will have to lift their offer to compensate for the CGT impact otherwise the APA offer with roll-over relief is preferable for the same price ( and ongoing distributions).
    DYOR.
 
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