Ann: Revised proposal from Consortium at $8.90 per share, page-133

I think there will be lots of uncertainty floating around.
Interest rates and financing for a start.
Would I go out and buy a business today ?
Probably not. Maybe at the start of next week when the dust has settled.
Procrastinating would seem very sensible , the Credit Suisse bailout [ although not a bailout according to the Swiss finance ministry] and its effect on Tier1 bonds may yet dry up liquidity. I did sell my Tier 1's yesterday.
Cpago's ''conditions'' will certainly be part of the mix.
There may well be conditions being requested that the board is uncomfortable with , and remember 1 condition is board support.
'' Give me your golden retrievers as hostages for our success.'' may have been a bridge too far .
As far as the financial media is concerned , sometimes they seem the willing dupes of the ''professionals'' , or it may be that they just need copy to fill the space. But , hey , if it came from the Australian's data room , you must be able to take that to the bank. Cant you?
''Finishing touches '' , when I was in negotiations , these were usually the really hard bits that were left till last .

Now you talked about ''screaming buy'' .
It is seriously tempting , an annualised return of maybe 20% , but going down so much today against the general flow was a worry.
cheers