BDO backflips on Neon

CASH-RICH takeover target Neon Energy has emerged from a trading halt with a supplementary target's statement, prepared by BDO Corporate that reverses an earlier recommendation in favour of a proportional takeover from Evoworld Corporation, finding the bid is now no longer fair or reasonable.

The long-running spat, which has already derailed a friendly merger between asset rich MEO Australia and Neon, has descended into more of a farce with BDO now revising its opinion, which has lead Dr


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