Quote from
http://hotcopper.com.au/post_single.asp?fid=1&tid=1746164&msgid=10121102
"In the opinion of Ernst & Young, the SFECO Transaction is not fair but reasonable to Chalice Shareholders and, having regard to the nature of the SFECO Transaction and the advantages and disadvantages, Chalice Shareholders are likely to be better off if the SFECO Transaction proceeds as opposed to it not proceeding."
Anybody have experience with corporate finance speak and can possible translate what EY means by "not fair but reasonable"?
"sfeco transaction is not fair but reasonable"
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