The board have made the right decision.
$6.25 offer is an insult. Try $7.50 and then your talking.
Why take the first offer in an auction?
Who needs a TO anyway?
With the aussie infrastructure sector yet to really fire and more aquisitions like -
"Coates today also announced the acquisition of specialist equipment hire firm Prime Industrial Rentals, from Atlas Copco for $38.7 million."
... then COA is going to fire up.
I reckon National Hire will be back again with another offer some how some way, and I don't mind, they are a great operator too if they do aquire COA.
Boom Logistics - watch out...
COA
coates hire limited
