this offer is just at pathetic as the gujarat offer for REY. there price is well above the offer. and doomed to fail.
they called the votes invalid because they ( bhushan) lost, loyal shareholders that want to kick them off the board know how this company operates.
shareholder's that voted know very well that bhushan is a evil, ruthless company .
bhushan steel literally costs a arm and a leg , not in price , from there employees in the factory!
just read some of these links and other posted.
if there is any shareholders in QLD that can go into there local government office or mine department would be a good idea and get them up to speed they may step in and block the bhushan.it is a state interest to stop this take over from bhushan.
http://www.moneycontrol.com/stocks/company_info/directors_report.php?sc_did=BBS02
http://www.financialexpress.com/old/fe_archive_full_story.php?content_id=139198
http://markets.ft.com/ft/tearsheets/businessProfile.asp?s=BSSN%3ANSI
http://investing.businessweek.com/research/stocks/people/board.asp?ric=BSSL.BO
http://en.wikipedia.org/wiki/Bhushan_Steel
http://markets.ft.com/ft/tearsheets/businessProfile.asp?s=BSSN%3ANSI
http://www.thaindian.com/newsportal/business/bhushan-steel-surveyors-roughed-up-in-jharkhand_10095199.html
http://news.webindia123.com/news/Articles/India/20090211/1174963.html-Agitating villagers locked the Bhushan steel plant
http://www.telegraphindia.com/1080615/jsp/jharkhand/story_9412160.jsp
http://india.indymedia.org/en/2004/10/209821.shtml
http://economictimes.indiatimes.com/Market-News/Orissa-Sponge--seeks-more-time-for-warrant-conversion/articleshow/4646662.cms
looks like it will be a busy weekend doing lots of writing and reading, and phone calls on monday.
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