RE: Nowhere to run8 Jul 2018 10:47
Oasis stated that using Batchelors proceeds to reduce debt could reduce finance cost by 65%. Now imagine Darby told McC to increase their offer to 85p cash and share offer (65p cash / 20p in McC share) back then. Tiny holders would sell out on the exchange while the management and top shareholders would own a bit of McC and realise more gain later on. McC would have refinanced instantly slashing the finance cost below 3% annually, lay-off overpaid barons, sharpen the core brands, dispose Paul Hollywood and introduce some of its global brands to the U.K.