"the board is believed to be furious..." Yes, and so they should be! Some *&$%#* offering shareholders a better offer?? What? - a competing offer which might make MM increase thiers?? Now what happens to the cozy arrangements that Michelmore has put in place for himself? How terribly inconsiderate - no wonder they are "furious".
Oh...wait a minute. What about the shareholders?
urgent letter to ozl directors, page-34
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