http://smh.com.au/business/skilled-gets-an-offer-thats-hard-to-refuse-20141229-12exbx.html
"Monday's market action has given Programmed's merger-takeover offer momentum. Skilled might be able to negotiate a slight sweetener but it will be dealing with a bunch of unhappy shareholders if it rejects the proposal entirely."
Why would holders be unhappy? The offer was ridiculously too low.
should we have seen it coming?, page-27
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