Responsibility17 Jan 2024 10:57
Dogstar, I am sure that they are well briefed on the legals, but the question is this: the company is throwing off cash so to take the first bid offered for a highly profitable company, is at best, commercially reckless. Directors have a legal responsibility to do their best for shareholders. They should, at least, looked for alternative offers.
I am not selling. My view is that they will not get 75% votes and must improve their offer.