Ann: Warrego Commences Matching Rights Process in Beach SID, page-7

LOL what a joke this BOD is...
"Until Beach has had an opportunity to match the Hancock Takeover Offer, the Warrego Directors maintain their existing recommendation in favour of the Beach scheme proposal."

Yes 20c is superior to 23c in their thinking. The logic of taking the 20c over the Strike bid was because of certainty. So surely 23c certainty is the preferred deal using the same logic, or have they changed their logic in that certainty is no longer required and some abstract value of Spanish assets is now desired?

The BOD want to sell to Beach for some reason they are not telling us about, as the Strike offer is now clearly much better than Beach's, and the argument of certainty doesn't work by rejecting the 23c from Hancock...

What a bunch of clowns, can someone please do a 249d and we kick this mob out. Could be done in a bit over a month, which is long before this T/O will be settled....