I originally saw this deal as a win/win for both (PLT & FER) ... but now with the value of FER's intellectual property under serious threat from it's inventor, I can't help feeling PLT is worth far more than the current bid implies (regardless of it's current cash position).
Also, as Gogreen says, it's a long road to commercialisation and PLT has already done the hard yakka and expended big bikkies on that road (with massive input from it's directors). Now it has the markets, contracts, & orders in place.
So as a PLT holder I'm not ecstatic about the T/O going ahead under these conditions (and am hoping PLT directors have a good plan B).
But as a FER holder as well ... how will I vote ? I'm really not sure (feeling as I do that the deal will favour FER).
Will be interesting to see what the directors have to say.
FER Price at posting:
11.0¢ Sentiment: Hold Disclosure: Held
