"I think setting up for a cheap bid. Wouldn't take much now for...

"I think setting up for a cheap bid.
Wouldn't take much now for board to recommend a low bid."

@Nightmarez3k,

Given just how generously YOW's directors and senior executives are remunerated [*], I strongly suspect that not only will the board reject a low bid, but - in order to maintain their lucrative positions for as long as possible - they'll fight tooth and nail to fend off even strong bids (!).

This looks to me like the classic case of a multi-year wealth transfer exercise, from the shareholders of the company, to it's executives.

[*] Refer https://hotcopper.com.au/threads/an...3941657/page-98?post_id=30033164#.WoPYsaiWaUk