Surely an independent and properly constituted board would...

Surely an independent and properly constituted board would adjourn next week's meeting in order to assess both bids and make a recommendation to shareholders as which one delivers superior shareholder value?

Surely....surely....right? Why am I finding it so difficult to convince myself this will happen?

JT

PS H I agree this offer seriously undervalues OIP, BUT when the first offer does too how can the directors possibly turn around and reject it on that basis?

Pffft....perhaps ESG will man the truck up and put something on the table to take the company back. IMO they have a duty to be a good corporate citizen and the whole OIP IPO was a disgrace from day 1 based on my assumptions of undisclosed backroom dealings re non-arms length farmins, gentlemans handshakes on mergers etc...etc...