hello Entropylord,
I'm an avid AVB fan as you might realise if you have read the AVB thread.
At this stage of the process, I would be leaning to the same conclusion you have asserted - there is no further interest out there willing to make a counterbid.
But that's by no means the end of it, OZL can take little comfort from that.
At this point in time there appears to be a very large and solid bunch of shareholders (G&G, plus 'Those Of Like Mind', willing to just sit pat through this bid, to participate in any required fund raising, (but we all know debt won't be a problem) and jointly reap the rewards of having an AVB, with a refreshed BOD, progress all these projects that are in the pipeline, to realise the true value of the landholdings.
Long term holders of AVB, I think, would welcome a guiding hand from a new bunch of Directors, who can do a much better job than those who are currently swimming in self-interest, and have basically sold the company down the river.
Then, later, much later perhaps, but I doubt it, OZL might be prepared to offer a fair price to secure 100%. The 55% or so still on the register will always rationally assess any future offers, as long as it has all the elements of fairness to minority shareholders.
kindly
Xerof
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