Offer for Gladstone Pacific unreasonable: expert

GLADSTONE Pacific’s sole independent director had recommended shareholders reject a takeover offer by Clive Palmer’s QNI Resources after an independent expert found the offer is not fair or reasonable to shareholders.

Offer for Gladstone Pacific unreasonable: expert Offer for Gladstone Pacific unreasonable: expert Offer for Gladstone Pacific unreasonable: expert Offer for Gladstone Pacific unreasonable: expert Offer for Gladstone Pacific unreasonable: expert

QNI is offering 14 pence for the Alternative Investment Market-listed company, but the independent expert has valued Gladstone Pacific in the range of 38.2p to 76.8p.

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