My a@se the non REA aligned directors saw compelling value in bid. More like REA paid them off to vote for the bid. How can anyone say this is a compelling offer when last 2 quarters IPP revealed incredible growth and forecast a brilliant FY16 and beyond. U don't have to be a genius to see that IPP was on the cusp of a fantastic growth opportunity in Asia only for it to be snatched away by a bullsh1t desperate bid before IPP ran further. 15% premium to last closing price and incredible growth and this is what they offer? You have got to be kidding, surely if you want control of a growth company you pay a decent premium for it. The reality is the directors are REA aligned and REA have 20% so they can lob a dirt cheap bid and no one will do anything about it. Shareholders get the rough end of the stick again.
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