re: Ann: NEC Directors' Recommendation on... I have to say this...

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  1. 1,080 Posts.
    re: Ann: NEC Directors' Recommendation on... I have to say this I haven't seen yet...

    Director cannot recommend NHC's offer to the shareholders, but will accept offer for his own shares ???!!!!!??????? What the?

    From the announcement:

    "One Director, Mr Geoff Lord, has declined to make a recommendation with respect to the NHC Offer. Whilst Mr Lord intends to accept the Offer for all of his shares, he has declined to make a recommendation to shareholders as the NHC Offer is below the bottom of the Independent Expert?s valuation range for NEC shares."

    I would have though that actions are a stronger recommendation than words.

 
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