I have been informed that a Calderbank offer must include details of all the evidence upon which the offer is based. That it is unwise to reject a Calderbank offer outright, but rather to counter offer or conditionally reject it. That a company relies on the advice of it's lawyers. Yes, but shareholders rely on the ability of the directors, we aren't invited to analyse the advice of the lawyers.
I'm meeting someone in an underground car park in Rosslyn, Virginia, for more details.
BTA Price at posting:
65.0¢ Sentiment: Hold Disclosure: Held