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Originally Posted by winner69
If I remember correctly the takeover of Waste Management was long drawn out affair before Ellis (and the Board) caved in.
Ellis spent years telling the market that Transpacific didn’t get a ‘bargain’ ...plenty of criticism about the price obtained and it always came across as Ellis justifying what they did
Balance might have better memory than me.
Gee - really taxing the memory bank here, W69!
All I can recall (from my own perspective) was selling out on the market at close to the takeover price, while the battle raged between institutional shareholders who wanted a proper takeover deal (cash & 100% takeout at a higher price) than the scrip (Transpacific) and scheme of arrangement 'merger'.
One of the advantages of being a small shareholder who can easily get out vs the big institutions.
Did not get to have a second bite at Waste Management however, unlike Metlife here.
https://www.nzherald.co.nz/business/...ectid=10382330
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