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From: | "Adrian Ellingham" <raellingham@xtra.co.nz> |
Date: | Mon, 7 Jan 2002 20:58:28 +1300 |
Why not accept Danone's offer?
If they get 90% acceptances you will get $2.35 per
share. If you don't and the price drops - $1.60 per share has been
suggested - YOU LOSE ANYWAY !
For those who got in at issue, it is a very good
profit in a year. Sentiment can be expensive!
Maybe Danone will take all acceptances at
$2.35 (but less than (90%) to get control. If then
the price drops significantly and the company remains listed - buy
back in.
I think the French are playing a very cunning game
- and will probably succeed. Maybe it's time to take the money and
go.
Comments?
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