DrDann- Let’s not get too caught up with semantics. Whether the demerger is a gleam in the eye, a suggestion put on the table to test shareholder reaction or a downright intention, at this stage it is not a done deal. So far as I’m aware there is no detailed business plan for the new company, there cannot even be a draft PDS because the lawyers only seemed to find out about it at the meeting, I suspect there has been no independent expert opinion sought and there certainly has been no shareholder vote. (Whether the constitution requires a shareholder vote or not I don't know, but JA indicated his intention to seek shareholder approval.) There is little reason to doubt that all of these things will come to pass in due course – I guess I just wanted to make the point that they haven’t yet. By Christmas? Possible, but they’ll need to get their skates on.
TXN Price at posting:
46.5¢ Sentiment: Hold Disclosure: Held
