Then there were also the comments from the August 2015 interview of Skippen in The Director where the acquisition was extensively referenced including as an opportunity to gain critical mass in just one (rather than a number of) transaction(s).
The summary touch of - caveat emptor - is fascinating. More like that plus caution being thrown to the wind.
The reference to the external fees if $51.6m is equally fascinating as, if so, then this would not have included their own internal working costs. Put these all together and you get to an acquisition DD cost of upwards of 5-7% of acquisition value depending on which metric you use. Now, all things being equal, that's some serious firepower - or meant to be.
Clearly, this will be a serious, extended and exhausting fight for those concerned.
SGH Price at posting:
6.9¢ Sentiment: Sell Disclosure: Not Held
