But the WAM Capital bid for Amaysim, which is recommended by...

But the WAM Capital bid for Amaysim, which is recommended by Amaysim directors, has already copped criticism from Amaysim shareholder Merlon Capital.

"The real winners in this deal are key management personnel who receive $16.1 million in redundancies and $9.6 million in cash from settling long-term incentive plans (LTIP)," he says.

"Of course, the advisers also do well taking $10 million plus the extra $1.5 million announced as part of today’s takeover. All this adds up to 13¢ which makes you wonder."


Front Page article on AFR.... Some interesting commentary from Merlon Capital.

This is turning onto a cash cow for the senior management..... Shareholders are being sidelined and given an overall raw deal IMO