Hi,
Unfortunately for those wanting to hold onto their SGL's, ORG in a strong position.
They have a blocking stake for anyone else wanting the asset.
Dont actually need SGL right this minute, and have plenty of money and time to wait for people to sell.
Only hope for a higher price is somebody doing a "Portman",and having a long term >10% holding,unless a higher bid occurs, not sure who would though.
Wonder if anybody in management has options or employee shares which vest on a takeover?
Hold for a month, see what happens, then take what's on the table?
SGL
ricegrowers limited
dilemma, page-7
Currently unlisted. Proposed listing date: MONDAY, 8 APRIL 2019 11:00AM ##