These are good tactics and good results. No one seems particularly interested in taking Macquarie's bid, but LSE is making sure by telling shareholders it's big enough and large enough to do it on its own.
More Quotes from Angela Knight:
I do think that one of the things the investors must do is ask the questions -- they have a responsibility (to ask) 'Why should I believe you just because you're a finance director telling me your company's wonderful'Angela Knight
The exchange is saying to shareholders, 'Stick with us, you get the money. Why take an offer from anyone else' They want shareholder support and are making it financially worthwhile.
Angela Knight
We are wondering - why didn't someone on the Shell board say 'Hang on, what's this about a CGT capital gains tax liability What does this actually mean'
Angela Knight
This reflects openly what has been talked about quietly for some time.
Angela Knight
We have always wanted to fix a meeting and this has been arranged for Friday. Shell have treated the private investor very badly indeed. There are a considerable number of private investors in Royal Dutch Petroleum who have not taken up the offer.
Angela Knight
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