Ann: Clough and Forge create long term strategic , page-21

re: Ann: Clough and Forge create long term st... I really don't understand this deal..it wasn't long ago when FGE management were saying how undervalued they are, I think the PE is very similar now to what it was back then, then they go and do this...to me they are saying we only think the company is worth between 1.90 to 2.10.

They way they talk, with comments like 'the absence of a superior proposal', feels as though they had no other choice. Maybe managements 'aggressive growth' has gotten the better of them.

I hate a lot of that corporate crap too, like 'Clough assisting Forge to identify and assess acquisition opportunities which complement Forges strategic growth plan'. wow thats great, sounds like a toss to me.

Certainly keen to see an independent expert conclusion/view of the offer.

And, as snagage said, the 'major shareholders' must be getting a nice little bonus, or have been told something we haven't.

As you can tell i am a bit annoyed and disapointed, but will not be selling. I do however realise management probably know whats best. Heres hoping for a better offer. At least we shouldn't go under 2.10...small positive.