JDV dismisses IWL offerMONDAY, 11 APR 2005 2:13PMThe board of on line share trading service provider JDV has recommended its shareholders reject IWL's offer to acquire their shares citing several reasons including the inadequacy of the offer price, the fact that any synergies resulting from the acquisition would not flow through to the shareholders, the uncertainty of dividend income post-acquisition, and the lack of assurance for capital gains tax roll-over relief relating to the acquisition. |
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