PES pepper residential securities trust no. 21

The last date of acceptance of offer was 23rd 7.00pm given that...

  1. 41 Posts.
    The last date of acceptance of offer was 23rd 7.00pm given that 23rds a Monday that means any one who was to accept would have to do it on Friday, factoring in the postage time of one day for interstate and the public holiday. This makes the decision date 20th COB.

    After the close of 23rd BG makes an announcement of its extension. Which meant the offer effectively is void for those who have considered to accept the offer and those who have not taken the offer gets the benefit of extending their decision
    My point is that the BG extension should have been made on 20th and not on 23rd COB.

    Also would like to point that the calls from BG to share holders pointed that if the share holders did not take up the offer from BG them the share price will fall substantially after the close of the offer.
    The suggested share price indication by BG is in violation as this would affect the decision of the share holder.

    I want to sue BG now any lawyers who can back me up?
 
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