re: Ann: NEC Directors' Recommendation on...
I have to say this I haven't seen yet...
Director cannot recommend NHC's offer to the shareholders, but will accept offer for his own shares ???!!!!!??????? What the?
From the announcement:
"One Director, Mr Geoff Lord, has declined to make a recommendation with respect to the NHC Offer. Whilst Mr Lord intends to accept the Offer for all of his shares, he has declined to make a recommendation to shareholders as the NHC Offer is below the bottom of the Independent Expert?s valuation range for NEC shares."
I would have though that actions are a stronger recommendation than words.
NEC Price at posting:
$1.84 Sentiment: None Disclosure: Not Held
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(20min delay)