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Taro Pharmaceutical Industries Ltd. Message Board

  • imho_dyodd imho_dyodd Feb 27, 2013 8:20 AM Flag

    how many people think a new majority shareholder offer will come by in April

    I think so. This is the time for shareholders and board to be singlemindedly focused on the below activities:
    1. How to use this excess to add value to shareholders. Buy back , acquisitions
    2. Go to investment conferences and present taro story.

    Instead cash is nicely tucked away earning 0% interest. I am afraid that a new low ball offer $80 could come our way with the justification that "hey market price of taro is $60 ...see there was no threat of any offer..so this is the real market price and we are paying substantial premium to $60".
    I urge shareholders to invite and ask for the following things:
    1. Minority representation in board
    2. Proactive improvement in corp governance that will help all shareholders
    3. stock buy back or M&A with excess cash ($300 could be used for this purpose in Q2)
    4. for gods sake go to tell the story of taro to investing public in IR conferences. perrigo goes to 8 every year

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