Spare us. Who of note anywhere bagged the ARI Board for...

Spare us. Who of note anywhere bagged the ARI Board for rejecting two low-ball offers that opportunistically looked to take advantage of a depressed syeel sector to steal an iron ore asset?It was a no brainer rejection that was heavilly supported by the shareholders (I'm one), analysts and meda commentators.

Treat each deal on its own merits. In this case as the poster with the fund background posted the other day, SDL is no longer trading on fundamentals, where is the floor if this fails?

If you want to mention other bid rejections then how about qantas, billabong and rio. Just as valid as mentioning arrium, but a whole lot more depressing.