MrsB, in a takeover situation we need to consider the synergies and benefits being xtracted by both parties. While I don't disagree with your comments on the stand alone MLA business, the acquirer will be able to extract considerable savings with their existing business and also inherit a very good management team.
It's about determining the appropriate level of the sharing of these benefits between the two parties shareholders.
In short at 8.6cts I believe, as with many others, That MLA shareholders aren't getting enough of the spoils.
Having been in the stock for many years I will be voting no at this stage and am happy to wait for the business to rebuild. I would re-consider my position at a higher price because the combining of both businesses makes a lot of sense.
as to another question posed above I think under a scheme of arrangement the number is 75% of votes cast not 90%. I wouldn't be surprised if more than 25% of shares vote no.
Pitt
DYOR, IMHO etc
MLA Price at posting:
8.3¢ Sentiment: Buy Disclosure: Held
