Very disappointing offer, with the shareholding that Tremont already holds what are the odds of getting a rival bidder? Would it be worth it to them as they would not take control of Panda Hill?
With the board recommending 0.33 and their votes going that way is there any realistic chance of the vote not going through?
Ann: Tremont Makes A$0.33 Per Share All Cash Offer for Cradle, page-9
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