There is no governance, risk and compliance in Australia? Sinophobia abounds? So SRX Board will recommend a Lowball offer, that would be amazing corporate governance?
I did mention Varian’s reputation and Court cases when the bid was announced. I thought the bid was putting a floor under the SP.
Perhaps that gives Varian too much credit but in anyway, Varian and Australia have now found each other.
A meeting of two things with similar history.
How will the Courts sort this out?
If corporate legislation, conduct, culture remains deficient in Australia, its reputation will be in the trash can and the market will suffer IMHO.
News: SRX Sirtex Responds To Varian Release On CDH's Competing Bid, page-4
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Mkt cap ! $77.74M | |||
| Open | High | Low | Value | Volume |
| 18.0¢ | 18.0¢ | 18.0¢ | $10.1K | 56.10K |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 36209025 | 18.0¢ |
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| Price($) | Vol. | No. |
|---|---|---|
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