takeover announcement full text, page-3

A couple of things holders should consider:
. A Board does not actively seek merger/takeover partners if they are confident their business model is self sustainable.
. The primary candidate has had some 2-3 months to run through the financials of ITE and have concluded that in their opinion company is not worth (to them) what shareholders may expect.
. On the other hand this could simply mean the synergies and cost savings are not there for that particular company - this may well be different for another party.


SP is currently being propped up by one buyer/broker at 16c. The bid was given about 700.000 yesterday. Broker kept reinstating the bid with more volume. Same has happened this morning with the bid volume for the single buyer being increased from 167.000 to 500.000.
Quite strange.