The reference to offering NST a “fair” price is a tongue in cheek slap in the face.
Bill Beamont is on public record as saying
“In light of the Panel’s declaration, Northern Star believes its offer is a fair and sensible outcome for Tribune and Rand shareholders.”
If $150 million is a fair price for Tribune and Rand shareholders then $156 million should be a fair price for NST shareholders as well, you can’t have it both ways.
And what has the takeover panels deceleration got to do with the value of the project in the first place, other than representing the use of institutionalised strong arm tactics against Tribune and Rand shareholders to make an unfair offer, claiming it to be fair.
It’s time Tribune and Rand directors take this to a real court of law, the Federal court, and blow the lid on the entire affair. Stop engaging with these people and expose what has happened/ what is happening here for what it is. Esh
TBR Price at posting:
$4.78 Sentiment: Hold Disclosure: Held
