Just saw the suspension is ending. New proposed offers. A measely $0.01 increase to $0.36. Get outta here lol. Recommended by "majority" holders which i assume is the non independents.
AFRIMAT - $0.40 a share. Also non binding. Due diligence etc.
either way this is one dragged out process for sure. It wont end for some time. I am hoping we would get a counter offee from $0.40 and at least get up to $0.45....
add in the $0.02 dividend brings that to $0.47.
the 12 month deferred share consideration for the Ata proposal reeks of something from the prior cza takeover. Where certain pockets were lined but not the majority of retail holders... again!
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