Yes, there is that win-win scenario. In that context the blocking stake is smart.
Lets not get to excited, they might not even get a blocking stake yet...
... isn't Turners shareholding like 7.6%? not exactly a huge rise from their initial shareholding (giving the significant amount of time that has passed since they made the offer)
None the less, Turners stand to profit (potentially) a little bit, but may (probably will) fail to get a blocking stake, and therefore Turners will 'get some choc chips', but HNZ 'gets the cake'
My view is that it hasn't taken Turners long to get to where they are. They're playing a brilliant hand and are setting themselves up sweetly to greenmail HNZ into a very fulsome offer.
How well has HNZ really done from its last fulsome offer regarding the HER business ?
No not really mate...I would have thought with all those staff at HNZ getting close too or above a $1m salary one or two of them might have had the skills to develop HNZ's own P2P platform
They must be traditional finance company executives then, opps sorry, bankers.
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Originally Posted by kizame
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