Is this all the board can do to deliver shareholder value? Flog the company to the highest bidder? A mere 22% "premium"? Pathetic.
I think this undervalues the business. It'll probably get up in the vote but I'm voting against it.
I'd rather vote to spill the board and get some people with real ideas on how to monetise the eyeballs. First criteria is not to let dinosaurs like falloon and hywood lead the company.
This is nothing but a white flag from the board and management who have no idea to grow the business and probably gave up a long time ago. Golden handshakes all round instead, sail off into the sunset.
The remain directors will probably ask for a bigger pay packet in the near future 'cause the combined companies are bigger. Well done, snouts in the trough.
Vote no. This is a dud deal by dinosaurs bereft of ideas. I wouldn't be surprised if they're still trying to surf the net using netscape.
