$10mil consideration for the remainder of Maggie Beer and she takes $1mil in scrip? What could possibly go wrong here.... jeez this smells like a dead rat.
Also they are admitting that they overpaid for the initial part of Maggie Beer and now want to pay 10-11x EBITDA??? Are they mad?
If anything LON turned around this business (somewhat) so why should they still have to pay overs for the rest of the business. If they pulled out Maggie Beer would go into administration.... They really should have gotten a much better deal.
LON Price at posting:
22.0¢ Sentiment: None Disclosure: Not Held
