NFK RCR

re: Ann: Norfolk Group - Proposed Scheme of A... Correct me if I...

  1. Chris1976
    3 Posts.
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    24/03/13
    18:05
    Post #: 11580227
    re: Ann: Norfolk Group - Proposed Scheme of A... Correct me if I am wrong but the board cannot simply agree to a price if they do not have more than 90% of the holdings. Even if you take the 3 major share holders total it doesn't equal 90%. Surely there is an argument to be made that the sale price is well well well below market value. OR is there a skeleton in the closet that NFK do not want to disclose?
    NFK Price at posting: 45.5¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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