Indeed - shares in JBL compared to hard cash would definitely...

Indeed - shares in JBL compared to hard cash would definitely not be what many have been hoping for! This latest offer on paper appears worth much less than the previous cash offer, at least from a [likely overly] simplistic analysis:

* This offer is effectively (after exercising options) 3.5 JBL shares @ last traded price of $2.00 less $1.10 = $5.90 / JBFG share.

* The 30 Nov agreement offering cash of $7.90 / JBFG share for half our holding + fair value for a further 25% of our holding smelt much higher.

Although if the independent expert report being worked on looks like it will end up showing that "fair value" is a fraction of $7.90 / JBFG share (which we don't know yet, but is possible) then maybe the two offers aren't so different.