For all those that want clarity:
This is a good summary. Even if you can fire the manager it still triggers a number of implosions. However that should mean you can negotiate a much better deal from MQG than paying full wack.
From the documents I could find it didn't seem to secure the rights to MQG forever and I think this comment has been made bya few commentators. I think MQG are also shrewd so they may have done this deal knowing that it may have to be revised - or you can hold the view that they have got support from others and will just vote it through. I intend contacting some of the directors and large shareholders to see if they will pressurize MQG.
Anyway herewith link:http://business.brisbanetimes.com.au/business/it-pays-to-be-out-from-under-the-parents-wing-20090724-dw5a.htm
Article:
It pays to be out from under the parent's wing
MALCOLM MAIDEN
July 25, 2009
- Forums
- ASX - By Stock
- MAP
- nice deal - for mqg
nice deal - for mqg, page-48
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