Taiga Building Products Ltd T.TBL

Xandar Capital says to reject the offer!

[Marley66]

Base on Xandar Capital analysis and after having considered carefully the information available as at the latest practicable date. They are in the opinion that the terms of the offer, on balance are not fair and not reasonable . Accordingly, they advise the board of the independent directors to Advise minority shareholders to reject the offer!

But here come de twists.....the independent board of directors rejected that conclusion

I'm guessing that they are not that independent!

For us, Taiga minority shareholders it's like they say accept a offer at 3.20$ Canadian when the price in Canadian stock markets it trade at 3.80$.

i won't go in to de details because it is basically all BS....sorry this is very frustrating!

[downwithdotcom1]

 how to the laws work for minority shareholders in Singapore?? ie do they need 50.1 or 66 percent of the minority shareholders...anyone know???  This has MASSIVE repercussions for TAIGA and their pot of cash if it turns out that this soon to be a major shareholder isn't willing to pay a fair price for Avarga. What will happen with TBL??? As already posted, make a 25 to 30

[Fansse]

Can you explain is this affecting us, Taiga shareholders? Sorry I'm a bit confused

[downwithdotcom1]

There is a publically traded holding company, AVARGA, out of Singapore which owns/controls 70+% of TBL shares. A sitting BOD (Dr Tong) has launched what could be deemed now (in light of the fairness commitee opinion saying the price is too low) a hostile take-over offer for AVARGA.  If he is successfull with AVARGA, he will now be in a position to make a move on TBL itself. Ask yourself why