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What he said ^ !! It is vital to ensure the proposed merger goes...

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Insiderunner

6,532 Posts.

1046

16/12/14

20:08

Post #: 14470895
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Originally posted by IFINO ↑

"The Neon Merger remains on track for completion:
• The 12 November 2014 vote by Neon shareholders overwhelmingly rejected the unsolicited proportional takeover bid from Evoworld and defeated proposals to replace existing Neon Directors with Evoworld appointees
• Neither the Merger Implementation Agreement nor the Scheme are conditional on the outcome of any further resolutions Evoworld may put to Neon shareholders. Neon is obliged to comply with the Merger Implementation Agreement and MEO expects that Neon will continue to honor all of its legal obligations"

As I have posted previously, both NEN & MEO share holders need to be active and participate in the respective voting.

Cheers IFINO

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What he said ^ !! It is vital to ensure the proposed merger goes ahead IMO. The merged company will be much better situated to return value to shareholders in future, it may not be overnight though Rome wasn,t built in a day either.......

MEO Price at posting: 2.0¢ Sentiment: Buy Disclosure: Not Held

NEN Price at posting: 3.6¢ Sentiment: Hold Disclosure: Held
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