Ann: Changes to Forge Group Board of Directors , page-2

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  1. 587 Posts.
    re: Ann: FGE: Changes to Forge Group Board of... interesting AFR article this week (think it was Tuesday's edition).

    A few points I noted from the article
    - Forge were only aware of Clough wanting to sell over the weekend - possible falling out?
    - Clough didn't see Forge as a Strategic investment since late last year
    - Already seem to be advanced in looking at a few acquisition options (possibly reason for such a quick sale)
    - targeting acquisitions most likely in Queensland

    I think we are likely to hear something in the next 2 weeks.

    At the end of the day Clough made approx 300% return on the Forge investment in a couple of years so that was great move either way
 
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