RE:Read Mgmt Circulars for direction Hey DAM$,
As always thank you for the detailed insight – always get excited when I see a post pop up from you.
I’m glad we are using the Osino case study as our benchmark as the public announcement of the FA + Special Committee well before a BO aligns with (as it seems) LME’s strategy:
- In GBR circular, you state they signed a CA in 2018 and had 11 companies interested, then the buyout happened in Dec 2021 – does the circular state when their Special Committee was formed? I’d like to know when they “decided to roll up their sleeves” and start seriously considering offers in relation to the buyout date
- You seem to be placing a lot of weight on the fact that Cynthia met with the Special Committee in person just before Easter, so much so that you’re stating a BO is imminent because of it. Managing the kool-aid, this meeting could have been about plenty of things – we very well could be in the same place a year later and no buyout