We're at 4 week into this amazing takeunder bid from Allegro, with 2.5 weeks to go.
2 of the top 20 holders have capitulated plus a handful of minnows from what's publicly available.
Approx 13% of Slaters shares.
AIO, saved Slaters from bankruptcy in 2016/17 when they stepped in to buyout the company. In the years since, they have funded the buisness transformation and working capital requirements so the board could focus on stabilising and growing the buisness. Without AIO as the major shareholder, Slaters wouldn't be here today for Allegro or anyone else to run the ruler over.
AIO rightfully deserve to be rewarded the highly risky investment into Slaters that NO ONE was prepared to do!
We're going to need AIO to save Slaters for a second time now and this time it's from within.
A big NO thank-you to Allegro and a reshuffle of the board, should be all that's needed for now.
SGH Price at posting:
54.0¢ Sentiment: Buy Disclosure: Held
