really cutting it fine eh lol
Printable View
Maybe they've done a comvita and realized this really is a dog.
Probably number crunching today to see if deal could proceed.
Price seems to be holding up in the absence of news today
I think many have sold into the heavy on market buying earlier this month. Got to $1.16 at one point.
One wonders where this whole thing (SP and takeover) goes now. Lower bid with less conditionality ?
I would imagine just like with the failed Comvita deal that due diligence has been ongoing and now they've found some aspects of the company they don't like so if the deal to take it over lapses completely what do they do with the shares already purchased on market ? Dump them on market ?
Releasing announcements the morning after a 'deadline' is becoming common practice. Neither the nzx or the asx seem to care - they should, there's no justification for it - it's poor practice. Maybe if fines were charged to (fat) CEO pockets we'd see some greater timeliness...