buy time, page-9

"thats what I pointed out when the bid was announced.
I am sure that under the Corp Act a bidder is not allowed to pay one s/h one price. and pay another s/h another."

Jake,

That, to me, is a very fine line that you and HD are threading on. I am not saying that it isn't right, but what one has to consider is the fact that STO made the deal with TRU and at the same time it gave TRU the benefits of gaining 20% of the new venture.
Yes, they will pay TRU some cash for their shares, but TRU will them (STO) back some cash as well.
As such no one can really put a price on to anything, because it could have been all part and parcel of the same deal.

I really don't know and it is really hard to pass a judgment upon. Only a Corporate Lawyer would be able to say something about it, and I am not one.

Good thoughts to be thrown in the mix though.