CAS 0.00% 0.0¢ crusader resources limited

Ann: Proposed Acquisition of Crusader, page-31

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  1. 275 Posts.
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    While I agree scheme of arrangements often are used to flush out bidders, I do not think it counts in this case, as crusader is getting a generous amount of Stratexs cash. It seems a great deal for Crusader, effectively a rights issue at a huge premium,. If anything, the risk is that it flushes out a bidder for Stratex.
 
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