Whatever it is - it is an incredibly bad prepared and communicated hostile takeover attempt. Shame on our board.
No pitch at all for existing Downer Shareholders - and hey, why would anybody want to pay a premium to buy into a downtrending share with an "underperform" recommendation?
Personally I know Spotless only through its services ... and these are bad enough. I never would have chosen to be a regular customer of them, though sometimes I could not avoid their services while at work. I don't see why anybody wants to be a shareholder of SPO, and I object to the DOW board buying this lemon on our (the DOW shareholders) behalf. They destroy lots of shareholder value.
Hope we can avoid this disaster ... though obviously a lot of money already down the drain.
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- Wow - a mega disaster in the making
Whatever it is - it is an incredibly bad prepared and...
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