Keep reading the docs Aus it gets even more sickening,. I wonder how many holders realise that there is a clause that entitles Bangchak to be the prefered bidder. This means that even if another company comes in and ups the bid say to 6.5censt then all Bangchak has to do is match the bid and they get Nido. This was obviously included to protect some jobs going forward, sure this may help shareholders achieve a better offer from Bangchak but why would another firm even bother to entertain the idea knowing they wouldn't get it anyway. Simply to do us a favour, don't think so. The only way another company would get Nido is if they offered something that completely blew Bangchak out of the water. Won't happen. It's amazing that a board would consider putting this in the agreement. It's gone from sickening to disturbing. IMO
NDO Price at posting:
5.2¢ Sentiment: Hold Disclosure: Held
