NEW ARTICLE: BAE Systems reveals defensive qualities "With last year's sales and profits taking off, LSE:BAE:BAE Systems is now trying to overcome a hairy start to the year. Working in industries dictated by government purse strings can be unpredictable, but with budgets recovering and efforts to ..."[link]
Re: Reject Perloff's offer Unless shareholders other than the Perloff "concert party" are prepared to put up additional cash Beale is unlikely to remain solvent and the ordinary shares would be worthless.Perloff also owns preference shares which rank before listed ordinary shares.Pension Fund also ranks before both classes of shares in liquidation.Very big mistake of board to boot Perloff representative off last year.Will be difficult even for Perloff to make money out of Beale even with additional finance;probably a fair offer to be candid in the circumstances.
Reject Perloff's offer I urge all shareholders to reject Perloff's offer which is plainly derisory.