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21/12/18
20:12
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Originally posted by presto72:
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indeed. the independent directors are following the letter of the law so everyone relax. There is a process and they are following whilst getting on with everyday business.....which they are doing very well btw. the SOA price will fail the FnR test in the IER by a mile....so the SOA will be NOT recommended by the independent directors as they can't without risking breaching their fiduciary duties. thus they will recommend rejecting the "offer" OfferCo then have 4 options....go unconditional and see what they get...or sweeten the price....walk away....retain a significant shareholding and take seats on the board. lets wait and see but I expect the LOW end of the IER to come in at above 45c.....and I mean LOW. have a great xmas and lets see what Santa brings in the new year!
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If this low bid fails the decent thing would be for Carlo Baravalle from AMED to resign from the BOD and it would be good riddance in my opinion. Failing that shareholders motion to remove him.