Hopefully SBM BoD save our management from a dreadful mistake. In any event if it does progress to an offer then SLR need to get shareholder approval in my view. Look at what Dan Clifford did to AMI by buying Dargues without shareholder approval. It proved a disaster for the company and fortunately him.
The good news out of this is that the underlying business is motoring along, cash is being built up. They are keen on an acquisition which is ok just get the right one and don't use debt preferably.
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