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[sharechat] Frucor


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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