TAM MLX NST

The announcement on 9 Feb by TAM, clearly states any deal with...

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Pokerface

7,438 Posts.

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26/02/15

12:12

Post #: 14822234
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Originally posted by squire ↑

It's the same old bs when this occurs. Tam bod will carry on in terms of unsolicited bid and acting in best interests of sh's. MLX will assert unconsiouable conduct. Etc.
There will be zero in hoa about a better bid allowing cancellation. Hoa determine the deal has been concluded subject to matters the board needs to have approved by shareholders or funding being structured. , etc. It sets out the obligations of parties leading to conclusion of administration of sale.
This will be very interesting. I reckon there will be a lot of mud thrown leading to perhaps a court hearing if MLX wants tam that badly or if egos come into play make a point. I think MLX came out on top on one of their other acquisitions that played out this way but neede to pay more for it. Anything could happen in this case.

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The announcement on 9 Feb by TAM, clearly states any deal with MLX is subject to shareholder approval. Simple as that. No shareholder approval, no deal. That is the clear and plain out for the MLX deal.

I think today's announcement values TAM a lot higher than what it is currently trading at. They will enjoy a lot of upside from having big brother NST on side.

Clearly NST is not doing this out of philanthropy. I am yet to fully understand the strategy, but you can bet there is a larger play unfolding.

MLX Price at posting: $1.20 Sentiment: None Disclosure: Not Held

NST Price at posting: $2.21 Sentiment: Buy Disclosure: Held

TAM Price at posting: 2.9¢ Sentiment: Buy Disclosure: Held
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