How about a final dividend?May 24 Axia announced an extension - for legitimate reasons. Now its a month later.
However, the company continues to earn money, and has suspended its dividend as a condition of the deal. Yet while the buyer gets the accumulated profit that would have been paid as two dividends by now, the shareholders are not being compensated.
I have called the company and suggested that they either pay a final dividend or raise the purchase price per share by an amount equivalent to the dividend, yet there has been no response.
I strongly feel that this is unfair to the shareholders. We supported management's decision to sell and privatize, yet we are denied the use of the purchase price (per share) while the acquirer gets the earnings.
It's time for shareholders to speak up.