RE: What's the plan?23 Apr 2025 12:35
The two points for rejecting the proposal was value and ability to prove source of funds.
To me, it's gearing us up for another approach later in the year with evidence of Selkirk funding already in place.
Would this mean, if Selkirk provided funding to buy MyP for say, £800m, with 40% of the funds provided as cash and the rest as Selkirk paper, would that be accepted by the board and shareholders?
It rules out a low ball offer by MM, but is probably gearing us up for something to happen soon.