NEA Board - TYR REJECTS opportunistic t/o offer - that's how it's done!

NEA board please pay attention - THIS is how you actually look after share-holders long term interests!

Tyro Payments (TYR) board REJECTS opportunistic private equity consortium takeover offer

See 02565723.pdf (aspecthuntley.com.au)

"In coming to this decision, the Board believes:
▪ the Indicative Proposal is materially below Tyro’s fundamental value and highly opportunistic
given the Offer Price is substantially below where Tyro’s share price has traded in the past 12
months;
▪ the Indicative Proposal is highly conditional;
▪ Tyro has attractive growth prospects as it continues to take share in the Australian payments and
business banking markets;
▪ Tyro expects to achieve strong and improving operating leverage in the medium term; and
▪ Tyro is well funded and capitalised to support its growth ambitions."

You could substitute "NEA" for "Tyro" in each of the points above re the NEA takeover offer.