Chair of Warehouse as well ..... don't think she buys her clothes from them
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The current **** wouldn't be happening if Derek was still around
Bring back Derek
Remember how the article read SKT "emerges" as the buyer.
That would imply there was field of bidders.
I'm pretty sure SKT was the only starter in the race.
From the Stuff article : 'Comment has been sought from Sky TV chairman Philip Bowman on the proposed acquisition.'
His phone must be out of range or turned off
Thats cos he's literally asleep half way around the world.
Are there any other NZX listed companies with their chairman not in the country?
Or worse, if there are, Are they also looking to acquire a loss making business to add to their turnaround story?
Or even worse, is there a NZX company that is in takeover territory where the chairman isnt even on the same continent?
Well I'm bucking trend and have been adding to my position today.
If PE want this, they will strike very soon on this weakness. Dream come true for them.
Looking at all of this it doesn't seem to add up. Does anyone else think there's something else going on here? Stallion might be on to it. Or are the board that outa touch with reality?
Yeah - PE get the SKT Cash & a large chunk of SKT to get them out of a tight spot quitting a troublesome MW
Very easy to dump a swag of listed SKT shares on the market for the full exit stage right at a good price than trying to rid themselves of troublesome media empire bizzo thats been bleeding red forever & not many would want to touch with a barge pole :)
The current SKT board have probably been told by PE that their seats are safe & Fees will be doubled if they play the game taking in the MW Lemon, while PE have a stockpile of SKT Shares ? Sound like a likely scenario ? ;)
Wonder if Joan can broker a deal to offload the Lemon to Fairfax for $300m or sell it for a buck inclusive
of all the debt out to Stuff ? ;)
Wasn’t Sky TV a $2.7 billion company not that long ago