Ann: Sale of Retail ICT and Sprout Business, page-24

I couldn't agree more.

They would make considerably more than 110m just retaining it over the next almost 4 years, ceteris paribus..

And 100% they could eek out more than 70-80M of EBITDA per year right??!

I mean, just run it into the ground...No more store upgrades, no more staff training and development etc...

And then you could still sell it back, 6 months out... At that point, you go back to TLS and do a deal for stock, P&E/, and a reasonable staff base etc.. Something TLS would want and need... Imagine staffing 100 stores with n o existing people or infrastructure? TLS would still be incentivized to do a deal of sorts even at that point..



I wonder what the fund managers think?

If more than 50% vote no, what then?