Ann: AEL's Increased 42 cent offer for Adelph, page-7

re: Ann: AEL's Increased 42 cent offer fo... How much did the 100+ page target statement cost ADI?

And it was done all so the board could agree to an extra 2 cents several weeks later, at a price 90% lower than the recommended increase to the offer of 61 cents.

I guess they may as well not have bothered with the target statement.

Writing is on the wall. Board approval means 50% stake is imminent.

Looks like holders have all just been shafted.