I suspect it it easier (less administration and legal expense) to acquire all shares on market than to go through the compulsory acquisition process. I think they expect the remaining shareholders to just give in now they have reached the acquisition threshold as the risk for the remaining shareholders is a delay in getting their payment if it gets tied up in the process. A bit pointless for anyone to hold on now - just do what I will do and give a middle finger salute every time I see a CIMIC logo anywhere - I feel for the workers who will shortly be the victims of severe restructuring and cost cutting (all in the name of inflation, rising input costs, etc.) while the sell-out executives all get their bonuses.
CIM Price at posting:
$22.03 Sentiment: Sell Disclosure: Not Held
- I feel for the workers who will shortly be the victims of severe restructuring and cost cutting (all in the name of inflation, rising input costs, etc.) while the sell-out executives all get their bonuses.
