Whimp strikes again
Bernard Whimp reckons you should take a 34% haricut by selling him your Warehouse Group shares.
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EARNINGS
Notorious lowballer Bernard Whimp has written to shareholders in the Warehouse Group offering $2.34 per share, well below the April 21 closing price of $3.55.
The offer is two-thirds of the current market price and was made by the Mr Whimp-associated Cargill Securities, Warehouse chairman Kevin Smith said in a letter to shareholders today.
"The directors are very concerned at the recent spate of unsolicited offers and urges shareholders to be very wary of such offers," Mr Smith said.
Without explicitly telling shareholders to reject the offer, Mr Smith recommended they "carefully consider the full details of the offer, including the price and terms, and consult their financial adviser before making any decision in relation to the offer."
Matt Nippert
Tue, 26 Apr 2011
Tue, 26 Apr 2011
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Whimp strikes again
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