PGH 0.00% 84.5¢ pact group holdings ltd

Ann: Takeover offer for PGH - Letter to shareholders, page-18

  1. 788 Posts.
    lightbulb Created with Sketch. 39
    PGH bought a business off Manipur directors for part cash part PGH script so I guess Manipur
    are unhappy with the prospective t/over.I expect they too are out of the money on PGH script.
    Who knows ? They may be angling to block t/over with intention of buying back their business ( at a reduced price)
    Pure conspiracy theory .
    Hopefully just blocking to extricate a higher bid!!
 
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