Hey Matt,
Just imo, but you should always read BOTH 'sides of the story' before signing anything. Reference Page 4 of todays Target Statement. Also shows the key dates for ACE's acceptance which will be the deadline for any other offers, if they do materialise.
I'd love a $2.50 cash offer. I've got to say, if ioh goes, I'd personally prefer an alternative full cash buy out. I know some will like the appeal of bci paying future dividends, but for me, if I wanted dividends from my stocks I would have invested in tls or the banks, not ioh.
I bought into ioh for the eventual capital growth. Bucklands was always going to be the company maker for ioh and for me, sadly, this bci deal frustrates and disappoints me. One can only wonder what would be happening to ioh if the io price was hovering around the $100 mark.....(or beyond).
As they say, timing is everything and I think bci have 'timed their run' perfectly.
Anyway, lets see how this plays out.
Good luck to all holders.
Cheers,
Mac
Please dyor.
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