Under the CBS deal, retailers shareholders would get nothing for their stock — a reality that has sparked talk of a class action — while the Murdoch and Gordon proposal would handed shareholders back 25 per cent of their equity, with Ten relisted on the ASX.
Murdoch and Gordon have got more to lose now than small shareholders trying to take over the company via VA which backfired on their faces.
Anywhere let hope they win cos shareholders will get something back 25% or nothing from CBS.
TEN Price at posting:
16.0¢ Sentiment: None Disclosure: Not Held