Got my offer letter / documents yesterday. Just need to clarify something, people may be able to help. If I accept the offer, do I get paid 7 days after they receive the acceptance letter or do they wait until the deadline in March?
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Got my offer letter / documents yesterday. Just need to clarify something, people may be able to help. If I accept the offer, do I get paid 7 days after they receive the acceptance letter or do they wait until the deadline in March?
I am just going to send them back as soon as I get them saying thanks but NO!
It may pay not to take any hasty action. There is nothing to be gained by doing so and there just might be further developments before the deadline in March.
A predictable response but it is also clear that it is not all over yet.
"Mr Frankham said that following the failure of this takeover offer, the board will commence a process seeking to identify a cornerstone investor with the attributes to deliver value for all Auckland Airport shareholders."
Now that shouldn't be too hard to find .... and a price range between $3.07 and $3.48 not that I have ever agreed with those guys' valuations...
There's lots of tricky between-the-lines nuances in the statements coming out of the company.
CPPIB are stumping up money for 40% of the airport but the airport directors don't want JUST money - they want someone with "expertise". Is this a hint to the Dubaians to have another go?
Grant Samuel says the company is worth $3.07 - $3.40 per share, but the chairman says that underestimates the value - what does he know that his independent advisor doesn't?
The CPPIB bid looks dead in the water - but the directors still want a suitor. Where to from here, and what is the endgame?
Has any other shareholder, not received the letter from the Canadians yet??
I understand this was posted out to all shareholders on friday?
Who do I ring, if it hasnt arrive by Tuesday?