My theory is while some things are in play it prevents other things happening and forces disclosure
This is a game of wits to the death between sharks IMO
The stakes are very high as this and KBC were their vehicles and now possibly not in control so value can be made of destroyed without their input.
Just guessing as usual a sfar above my pay grade in legal , corporate law and simple pig headiness but when it is a key asset you fight for it
All a massive distraction from actual business be that chocolate manufacturer or fund management
Couple of quotes
Yowie Group Limited (ASX: YOW) (the “Company” or “Yowie”) is intending to make an off-market takeover bid
Mr Nicholas Bolton and Mr John Patton have recused themselves from the approval process atYowie in relation to the Offer, noting their respective relationships with KBC and their materialeconomic interest in Aurora Funds Management Limited. Yowie is adopting procedures toensure Mr Bolton and Mr Patton continue to recuse themselves from the making of strategicdecisions by Yowie in relation to this bid or any sharing of non-public information in relation toKBC.This announcement has been authorised for release by a duly authorised special sub-committee of the Board, comprising Mr Andrew Ranger, Mr Diesel Schwarze and Mr DanielAgocs (all Yowie directors)
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