I can understand the TELY's voting the way they did afterall, they had no choice it was in their financial interest.
However,why would you the ords bother voting 'yes' when it was disclosed at the media announcement when the deal was released, that some parts of the new SGH, seven media & coates hire, might be relisted in the future(for capitalization purposes) leaving existing holders with potentially just the westrac business?.
A pity this wasn't disclosed and highlighted on the dvd(sent to all stakeholders)nor in the mainstream media so voters could have made a more fully informed decision.
SEVEN MEDIA GROUP(SMG) & COATES HIRE(COA) will be relisted sometime in the future for capitalization purposes(repayment of debt).
That should provide a conveniant way for the private equity groups KKR and The Carlyle Group to exit their respective positions when and if they want to.
*******Don't believe me then you may want to view:
http://www.viostream.com/7Network/
SEV Price at posting:
$7.68 Sentiment: None Disclosure: Not Held
