OK folks, DDay has arrived.
The Statutory Notice of Sale has been published
in the newspapers over 3+ full pages.
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460 majority
100 minority
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The ball is rolling. The minority have 3 weeks from today to make an application to the STB to oppose the sale. A group of 39 owners will be opposing through their lawyer, other minority may also do the same. Those opposing the sale without legal representation can go to the STB website and download the form from there.
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Good luck All!
The TC valuation report submitted by the SC is $403M (as at 25 Mar 07) which is almost equal to the selling price of $405M($395M + 10M. unbelievable !
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