merger justificationthere seems to be some idea that the merger is done in order to prevent cheap TO before PEA. That what that dumbo Dev babbled on BNN TV.
well, that's a total BS. If Dev was so afraid of going out cheap then why they didn't approve a poison pill on hostile takeover (e.g. 2 for 1) while keeping the pristine and streamlined state of assets (PLS) untouched? This is how it should be done - and is done - for decades.
if you want to avoid dancing with a wo/men you make it more difficult for them to invite you out. you do not eat a mortally poisonous food to avoid that...