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Re: [sharechat] Snoopy's strategy

From: "" <>
Date: Wed, 24 Jul 2002 22:47:25 +0000

Hi Michael,

> I thought the provision to request being bought out at a fair and
> reasonable price if you became a disadvantaged minority (as a result
> of a material transaction) was part of the Companies Act.  As to how
> both parties will determine what is fair and reasonable is another
> question again.

Easy for the FFS and "RBC verses small shareholders" case.

A Grant Samuel report has been commissioned showing that 37c per 
share is fair for RBC.  As a result of the takeovers code each small 
shareholder must be treated like any other.  So 37c is fair for the 
small shareholders as well (as I see it!).


disclaimer: Have not seen the Grant Samuel report.

Message sent by Snoopy 
on Pegasus Mail version 2.55
"Stay on the upside of the downside, 
Anticipate the anticipation!"

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