Everyone should be asking tough questions... but there's no need to suggest the possibility that the directors are doing something nefarious by requesting a trading halt when they are just doing the responsible thing. It's not like they decided when the takeover bid would be made:
"However the little sceptic in me is thinking that it is convenient to have such a trading halt in play as the voting closes."
You can also be tough without having to be impatient. Why do we need some "prelim details" when the shares are already in a trading halt?
I'm sure if they dropped bits and pieces of "prelim details" there'd be people waiting to sink the boot in by claiming they're trying to massage the information and manipulate people too.
Again, they lose either way. Act irresponsibly, leave themselves open to a lawsuit. Act responsibility and you suggest some nefarious ulterior motive.
Yes, by all means by tough, but no need to be unreasonable an impatient.
AZZ Price at posting:
59.0¢ Sentiment: Hold Disclosure: Held
