Booney wrote:Yep, we're up "for sale" and we're getting told very little.
Is it 100%? Is it 51%? Is it 49% and the board keeps the controlling share? Very disappointed with how we're being treated, particularly as the company has, at last count, about 40 people over 12 years service (some over 30 years) around NZ and Australia, that's a loyal workforce who I think deserve better.
Well, there's movement at the station.
The boss is off to Melbourne on Monday to present to prospective buyers ( we now know who it is ) and see their presentation to us. We are then rolling out the red carpet for a group on Tuesday as they come and tour here.
The prospective buyer is in the same industry as us, has a good share of the Canadian and US markets and put us to shame with engineering, R&D etc. Interesting times as we might go from market leader in Australasia to part of a world leading organisation. So far, with what I know, I'm ok with this.