Syringe...your credibility is shot to pieces....if you care. If we want to preserve our credibility in our posts..we must do research....LIKE OUSIA
"Pacific Hydro Recommends IFM A$4.60 Cash Per Share Takeover Offer (in the absence of a superior proposal) Pacific Hydro Limited (ASX:PHY) has entered into a Deed of Undertaking (the Deed) with its largest shareholder, Industry Funds Management (IFM), under which IFM will make an offmarket takeover bid at $4.60 per share for all the shares in Pacific Hydro that it does not already own. IFM’s offer has a minimum acceptance condition of 50.1%, and values Pacific Hydro at $725 million on a fully diluted basis for 100% of the equity of Pacific Hydro or $881 million including debt. The independent directors of Pacific Hydro unanimously recommend that shareholders accept the IFM offer, in the absence of a superior proposal, and intend to accept the IFM offer for their personal shareholdings. IFM currently owns 31.6% of the shares in Pacific Hydro. IFM has been a major shareholder
