re: Ann: WNI: Supplemental Circular re Takeov...
I assure you all, I am not working for The Austrlian :)
The release does not mean that WN will make a new takeover offer, however the timing is such that they can either use the report to entertain offers for their asset (which is unlikely given the low valuation and the removal of broker reports) or make a new takeover offer for the residual BRM shares under fresh terms ..now that it has been 4 months since the expiry of the last offer.
The fact Mr Luk has been buying up big on WNI stock to me indicates the expectation that whatever the outcome the value of BRM is likely to rise.
BRM Price at posting:
$1.90 Sentiment: Hold Disclosure: Held
