HT1, I'm sure they are constantly monitoring returns through Link Market, and also by regular contact with the major (insto) shareholders. They would already have a pretty good feel as to what the voting trend is.
However, I am surprised that they have not adopted the same aggressive process as they did for the merger. At that time, there was a very big program of telephoning most ZFX shareholders (who were the only ones who got to vote), pointing out why they should vote in favour.
This time however, no such effort?? This suggests to me that they already know how the instos will vote, or are already holding a large number of proxies to be voted by the Chairman.
If so, that would also explain why they are not so interested in alternative proposals.
OZL Price at posting:
$8.85 Sentiment: Buy Disclosure: Held
