"The $10.4 million of Carnegie shares will be escrowed such that 50 per cent of them cannot be sold within the first year and the remaining 50% cannot be sold within the first two years."
The fact that John Davison has come across to take an active part in the new merged business, is a great show of confidence. He could quite easily have taken his share of the sale and moved onto somewhere else.
CWE Price at posting:
4.1¢ Sentiment: Buy Disclosure: Held