Chairs, not meaning to play devil’s advocate, but if you believe that “WDR should be worth a lot more than the failed offer price” then what does that say about not being taken over? If WDR is a bargain in your eyes why wouldn’t our Chinese suitor see the same? I know no-one can answer that, but maybe, just maybe WDR haven’t passed the smell test. Management will try and gloss over this as they have to, but it leaves unanswered questions that linger. Time will tell and it’ll be interesting the news flow from here.
WDR Price at posting:
66.0¢ Sentiment: None Disclosure: Not Held
