What a load of cr@p from the BOD about the takeover at $5.23...

What a load of cr@p from the BOD about the takeover at $5.23 being in shareholders best interests. As a longterm shareholder what was in my best interest was owning shares in an Australian company that pays a consistent dividend in a growing business based in Australia.

Now I have to go and find something similar after paying tax on gains that will not provide the same level of dividends over the longer term, after having paid the tax on cap gains. It is never ever in the interests of shareholders to just take the short term cash and sell another fine Australian business to overseas interests that clearly intend to make more money in the future off our assets.

Maybe it's in the interests of the BOD that want to retire from work (if we can call making such dumb short term decisions work?), or something similar.

All IMHO