I think I have read through the most important passage of the 126 pages. It is a friendly Takeover. Advantage to AMAL is small but unnecessary particular under the current circumstances (production, upgrades, etc). AMAL gets TAW plus 15% of Spinco and the value of Spinco is currently not market based. Yes I can see upside but the deal could have been done also the other way around. I don't like the CR structure leaving retail investors in the rain. I would have loved to get some shares for 41c. The rest is all spin and without knowing any of the senior management staff good enough caters for the shareholders 'belief system'. The important think for me is what is in for me and my capital invested (considerable amount). Firstly I see a drop due to dilution combined with a SP increasing spin effect. Interested to see the outcome which will impact on my vote. I don't belief the saga that because senior management has a large stake that they can not be 'reimbursed' in a TO in a different manner. Sen that before. IMO
- Forums
- ASX - By Stock
- TAW
- Ann: Tawana & Alliance to Merge and Capital Raising & SIA
Ann: Tawana & Alliance to Merge and Capital Raising & SIA, page-271
-
- There are more pages in this discussion • 278 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add TAW (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
ACW
ACTINOGEN MEDICAL LIMITED
Steven Gourlay, Managing Director and CEO
Steven Gourlay
Managing Director and CEO
SPONSORED BY The Market Online