Quote:
Originally Posted by
nztx
Agree with you Mr T .. have SKT Board learned anything out of this or will they continue to stumble forward ? :)
Why don't they now table a T/over for NZM .. all in shares / merger of course but after Cap Return & Dividend to clear out any surplus to current SKT Shareholders first ?
Would they be silly or imprudent enough to value NZM @ $1 biln after the MW aborted deal ? :)
Well, what a complete fiasco. Rumours say they were prepared to pay $300m of OUR money for Media Works, and they were still negotiating as of two weeks ago- you'd think private equity would have bitten their arm off weeks ago at that price - I guess there is no limit to greed when you have a sucker in your grasp eh?
In my opinion, and I'm not a large shareholder (but 300k shares, so not tiny either) I think the entire board should pack their bags and do the decent thing - they have absolutely (and I mean absolutely!) no credibility left. Certainly shouldn't bother looking around for some other deal to save face cause they will just stuff that up as well.
To quote Oliver Cromwell to parliament 1653
It is not fit that you should sit here any longer. You have sat here too long for any good you have been doing lately … In the name of God go.“