scalpers move in: rejects bid

Sign of the times:

Sydney - Tuesday - October 28: (RWE Aust Business News) - CMA
Corporation Ltd (ASX:CMV) has rejected a conditional and non-binding
proposal from an un-named party to acquire 100 per cent of the company's
issued capital at 22c per share.
CMA Corporation Chairman Alan Good said: "While it is pleasing to
have received this approach, we do not believe the proposal represents
adequate value for the company or the potential growth opportunities for
CMA's businesses.
"The Board strongly believes the intrinsic value of CMA is
significantly higher than the current share price," Mr Good said.