I would like to pose a thought I had for all us Ferraus holders. There may be a benefit in holding out past the October deadline. My reasons are as follows;
1) We know that Wah Nam will probably hold out on the offer and they own more than 10% of Ferraus, effectively blocking out the compulsory acquisition rule.
2) Wah Nam will want to get a great deal to cover for their broken dream of the FRS BRM tie up.
Does anyone have any thoughts on this? How have other deals gone when a company wants to mop up the final stubborn shareholders that refuse to sell? Will Atlas want to mop up all the shares or would they be happy for FRS to trade as is?
FRS Price at posting:
93.5¢ Sentiment: Hold Disclosure: Held
