Yellow Brick Road (YBR) executive chairman Mark Bouris has described a 9¢ per share takeover offer lobbed by corporate raider Sir Ron Brierley's Mercantile Investment Company as "grossly inadequate", and advised shareholders to ignore it.
In a letter to shareholders, Mr Bouris said Mercantile's offer would deprive them of the full strategic value of their investment in the mortgage and wealth group.
Loading...
Michael Bailey writes on arts and culture, and edits Weekend Fin. He is a former editor of the Financial Review Rich List. He is based in Sydney. Connect with Michael on Twitter. Email Michael at m.bailey@nine.com.au
