pathetic takeover

DXS is selling out holders again, (like their foreign pre GFC jaunts) for an empire build.

Issuing DXS equity at a P/E of 10.7, Price/book of 0.92 to buy equity in CPA at P/E of 14.65, Price/book of 1.08 is very clearly not in shareholders' interests in my opinion.

Investors should ask themselves:
a) Who's interests is this really in?
b) How much DXS stock is owned by management?
c) How much are they paying themselves?
d) Will they pay themselves more of shareholders money with a larger empire?

Fortunately I have less than 1% of my assets in this company, carried over from the past, only kept for tax reasons. Nevertheless, will flog them now on any good rise (should have at 1.20).

Tired of companies not acting 100% in holders interests. There are good companies, alternatives out there.

By the way, Buffett sold out of Kraft for this very reason according to his interviews. Turned around and bought Heinz.

Management destroying value