Share
176 Posts.
lightbulb Created with Sketch. 1
clock Created with Sketch. 03/07/17
14:32
Share
Originally posted by TerribleTadpole
↑
I don't believe there was ever any chance that the board would accept the initial bid. It was a low-ball, opportunistic offer, designed only to make the next offer seem good in comparison. But coming so close to the end of the financial year it would lack credibility if the board rejected the offer without waiting for at least indicative figures.
Expand
What if management accept the offer? It's well above the current share price and management haven't shown anything as yet to demonstrate that they can provide more value?
