This kind of says it all.
(Quote)
" ........ but he (an SXY director at the meeting) conceded Gina had threatened to sit on him if he didn’t come up with this claptrap (about how fair the independent analyst's report was) .......... and (he said that) it was possible to argue that “the premium that shareholders are getting today is not quite the premium of last November or December”.
(End Quote)
It looks and sounds like POSCO and Gina have bullied their way into a bargain, and royally shafted SXY shareholders in the process. But isn't this always the case, and how the rich and powerful get even wealthier, at the expense of your average normal ordinary hard-working and tax paying Mums and Dads.
Anyway, it's done now, time to move on.
Goodbye folks,
Gw
- Forums
- ASX - By Stock
- SXY
- Ann: Scheme Meeting Voting Results
Ann: Scheme Meeting Voting Results, page-11
-
- There are more pages in this discussion • 14 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)