IDL 0.00% $1.27 industrea limited

takeover over by ge, page-9

  1. 163 Posts.
    Something does smell funny about all of this ... considering the SP history 1.27 doesn't seem like a price that management would be jumping up and down about (unless they think that their market is about to completely tank)

    And this condition concerns me:
    The SIA contains customary exclusivity arrangements including no-talk, no shop, notification and matching right obligations (subject to customary fiduciary carveouts) and break fee obligations on Industrea in certain circumstances

    Sounds like IDL management have signed up to a deal that make it pretty tough to entertain other offers!?!?!?
 
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