PBG 0.00% $1.15 pacific brands limited

Here's a Crikey page: follow the link to the statement of claim...

  1. asf
    9,887 Posts.
    Here's a Crikey page: follow the link to the statement of claim in the BPG bullying case- it isn't pretty, but worth a read for holders:

    http://www.crikey.com.au/2011/08/22/tips-and-rumours-524/

    I think this case is standing in the way of PBG moving forward.

    PBG have also been downgraded by Deutsche, with a price target of 60c, which is higher than its current SP. They are suggesting a "hold".

    PBG got a "Strike 1" with votes against remuneration of 51%.

    However, private equity has, according to the AFR, an interest in buying out PBG if the SP is under 60c. Still, an ugly court case to come.
 
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