I am as confused as everyone else with this! First up, the management of CWK recommended that shareholders reject the initial $1-00 offer per share made by WHC as being too low and not reflecting true value and the emails, phone calls and notices by mail were coming thick & fast requesting shareholders to reject the offer. Then all of a sudden there was an acceptance by the CWK board to the revised WHC offer of $1-025 per share, plus a distribution of OEG shares to existing shareholders. But what baffles me at the moment, is that this latest letter/report, sent by BBY, was given the ok by CWK to be sent to shareholders and is dated 15 June.......That's AFTER they accepted the latest WHC offer!! Have management jumped the gun with their reco and can see a possible counter bid by some other company?? Thoughts & comments appreciated.
CWK Price at posting:
97.2¢ Sentiment: Hold Disclosure: Held
