So now we have a supplementary doc which has kind of put many lines through the mumbo jumbo garbage list of legal caveats firt prepared by the 7legals,just as well they weren't buying BHP or RIO god help us, imagine all the trees thy'd have to cut down for that doc, Lol :-).
Unlike most bid docs which provide some respect to potential sellers,most go to a degree of length to persuade stakeholders and justify their bid based on target mkt share,pe,yield,share price history, whole host of technicals,ratios and fundamental analysis,but this one is light on material to win over any support.
As a sales document i'd give it an F minus.
The proof is in the pudding the volumes are getting lower and lower each day stakeholders no a rotten bad deal when they smell it.
They could have printed an abbreviated version which could could have read something like this: we are going to take your shares and your company whether you like it or not so we can relist COA for Carlye to exit and for the privledge we will throw a misely 3 bucks per share your way even though we know they are worth more and by the way here's another 60c per share if we get to 91.55% total shares on issue,but even if we don't you still be rewarded with your wealth tied up in a unlisted entity.
