re: Ann: AEL's Increased 42 cent offer fo... sandlion and others,
the ADI board is forced to concede that the Big Bully can rape the PIs if it can contrive to acquire a mere 25% of the shares held by the public, including the hedge funds, which must be pretty disappointed themselves.
The fault lies with the ASX rules.
I got a holding letter response from the ASX and have responded that permitting a bidder to use bare control to commercially force public shareholder to accept the offer makes a nonsense of the statutory compulsory purchase rule. It won't help us in this siuation.
The ASX rules permitted these tactics. Vent your justified anger at the ASX not the Board.
Good luck nursery but I wouldn't personally trust the Big Bully board further than I could p!$$ on them, and that I would dearly love to do to each and every one of them.
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