Ann: Greencross enters into Scheme Implementation Agreement, page-36

Yep that decision to refuse the offer from a few years back looks pretty stupid in hingsight by former management!

I expected the newly appointed CEO and CFO will gladly see this taken over, assuming they have a standard 6 - 12 notice period or some executive b.s. like that.  So they will each pocket a golden handshake, and pat themselves on the back for a great deal for shareholders.  yeah right.

I think this will be a good Private Equity play... GXL have acquisition indigestion after years of taking over City Farmers, vet chains etc... but never were that mindful of organic growth and running a lean business.  PE will show them up.  And flip it for a 2x gain in 3-4 years time.