re: Ann: Recommended Offer from Henry Schein,... While its...

re: Ann: Recommended Offer from Henry Schein,... While its always nice that somebody wants to give you a 50% profit on your shares, the timing on this isn't great for most of us I suspect. The company only floated a few months back so all shareholders will have to pay double tax upon acceptance of this offer. It would have been in the interests of most shareholders to delay it by a few months. I also think that the offer is a little low given the growth of the company even in such a poor market. I don't mean to sound greedy by saying that but I wasn't looking for a quick buck when I put money into PVT.

Selling the company 6 months into the growth story that we were sold and being hit by a double tax seems a little rude.

Additionally I grates on me that company directors agree on our behalf to pay a $1mil break fee if shareholders arn't happy with the offer. I presonally believe that directors of target companies should not be allowed to sign such agreements. Its morally wrong and is not in keeping with the spirit of corproations law. Directors are required to get shareholder approval for the arrangement for a reason. Telling us that they have agreed to take $1mil of our money and throw it out the window if we don't vote for what the directors want is a dispicable practice. If the offer is genuinely good then holders will vote for it.

I'm not usually this unhappy when I make a big profit. It must be the weather.