Off-market Bid Update Further to the Company’s announcement of...

Off-market Bid Update
Further to the Company’s announcement of on 12th May 2015 outlining the terms and conditions upon which TIO (NZ) Limited (a subsidiary of the Todd Corporation Limited) will pursue an off-market bid for all the shares that Todd and NYCO (an entity associated with Rutila Executive Chairman Nicholas Curtis) do not own in Rutila at a cash price of $0.30 per share, we note the following: 1. Todd has provided Rutila with a draft Bidders Statement, which Rutila and its advisers are in the processing of reviewing and responding with comments; 2. Rutila has engaged the services of Grant Thornton Corporate Finance Pty Ltd to provide an Independent Expert’s Report to accompany Rutila’s subsequent Target Statement; 3. Rutila has been informed that Grant Thornton is well advanced in the drafting of the report; 4. Rutila has commenced the drafting of its Target Statement. Rutila expects both the Bidders and Target Statements to be available to Rutila shareholders over the coming two to three weeks

Why can't we manage to get an off market bid?!?!?!? 0.30c I'd say YES!