sage makes a move?, page-10

Thanks for the link to 'Takeovers 101'. But I was really after an opinion.

People and companies usually try to act in their own best interests.

So if you find behaviour that seems at odds with what would SEEM to be in a company's best interest, either:

- they do know know what is in their best interest, OR
- perhaps their aim or interest is different from what you think.

So, surely we can all agree that if CFE wants to takeover COV, they wish to do so as cheaply as possible...?

So, how is that interest served by declaring you are wanting to takeover COV with a scrip offer, and then waiting until you actually do it?

Have a look at COV's share price since the 'pre-takeover offer' was declared - the price has gone up.

Is this in CFE's interest?

Tony Sage has been around the block a few times. A fool, he isn't.

So, has CFE got a different interest or outcome in mind?

If someone can explain to me why the pre-offer announcement IS in CFE's interest, I would be very 'interested'. :)

Y