there's some blurb from both sides, but who cares? the offer is...

there's some blurb from both sides, but who cares? the offer is not cash (not enough) but for IPM holders like myself represents a painful loss of dividends and (relatively) lower risk assets to a company that intends to issue yet more scrip. Haven't we seen enough of that from COE already? Other than that they both HQ in Oz there's little similarity between the two, so no real opportunity for synergies and efficiency gain.

It's an appaulingly poor offer (for IPM holders), appaulingly timed (also not forgetting that COE purchased IPM on market well over $1 before this crash, so there's another loss at least on paper). As a COE shareholder as well I'm peeved by what I see as a gross lack of judgement and sense to put forward up realistic offer ie attractive enough to have reasonable likelihood of success.