PS,
With 11,000 odd shareholders in FMS I am sure someone would know well who to contact or what process to initiate but in the absence (or my ability to find it) of it being shared on Hotcopper I will post my view.
I suspect time might be out for the current offer on the table but if they wanted to go down the shareholders rights path then either the shareholder association -
www.australianshareholders.com.au or the shareholder advocacy group -
www.accr.org.au (this is more compliance and regulatory related).
I would suggest the feedback they get wont be to their liking for two reasons.
1. The current offer appears valid.
2. The current offer is off-market and as such the rights of shareholders are limited to casting a voting to give their nominated representatives (the Board members) the consent to proceed or not.
The second part is where the shareholders feel the Board are being entertained by parties of a stronger commercial capacity and as such shareholders feel their investment is "at risk". Theey can either get the Board to seek independent assistance from an advocacy firm like Bespoke Approach(
www.bespokeapproach.com) or invite an experienced activist to participate like Alex Waislitz (Thorney Investments).
There are plenty of other well known and well regarded independents as well as mainstream legal, accounting and general consulting practises that offer the same or similar services so these are not recommendations but merely examples of the sort of companies that can help so people can go and look at the businesses online presence and get a sense for the type of skills that could be useful.
Cheers.
