There is s very interesting statement on page 51 regarding rival takeover bids. This seems to imply that the BRM board is very open to other takeover bids and might curently be considering other bids, seeking other bids, or both.
Do others read it his way?
" 6.16 Other alternatives to the Offer The Board is currently considering alternative options in order to maximise value for Brockman shareholders. These include the potential for rival takeover bids for Brockman. At this stage, the Board is not in a position to provide shareholders with information in relation to the probability of an alternative transaction arising but will keep shareholders informed of any material developments. In this regard, your Board will update you no more than 14 days and no less than 7 days before the end of the Offer period"
BRM Price at posting:
$4.92 Sentiment: Hold Disclosure: Held
