Ovato on the front foot, page-30

I would only block a lowball takeover, anything at a fair price and I'd be on board.

As directors, the Hanans have a number of fiduciary duties that would open them up to potential litigation if they went down the path you suggest.

If they were doing nothing, I'd be doing a whole lot more than standing up at the AGM, but they are actively right sizing the business, and for now I'd rather they focus on what they are doing.

An economic depression is a great time to get rid of dud staff, renegotiate leases and supplier pricing and make other cost cuts. It is not a great time to groom a business unit for sale and/or find a buyer who is willing to pay a full price.