Indicative proposal by federation asset managment (not unexpected see interesting developments straw) for 100% of windlab at $1.00.
If its sucessfull I think that shareholders will miss out on a lot of value to be realised over the next few years... oh well.
Consortium will acquire 100% of the outstanding ordinary shares in Windlab by way of a Scheme of Arrangement.
Windlab shareholders would receive cash consideration of $1.00 per Windlab share.
Dont mind holding if it falls through as still reasonable value in my approximation although I will likely lower my exposure. Gap widening to 15% exaggerates the risk of failure in my opinion.
Feel it will likely suceed as aquirer already has an 18% stake already a ton of cash and a mandate to invest in renewables.