Report comment

We now know why the Coop and Nisa's executive were so eager to get the vote concluded. They knew that Costcutter were coming back to be serviced by Nisa, it was a done deal. The Coop knew that they could not service Costcutter without Nisa.
The Nisa executive must have known exactly what the plans were.
Yet Mr Brown stood there and gave the shareholders tales of woe, his Perfect Storm had arrived, he told us we had no option but to grab the Coop offer. Then we had Nisa's sales executive phoning members telling them that this was the only way forward and that they must vote yes for the deal. Then he sends his sales team out collecting proxy votes from members the day after the online vote had closed. Why, because they had received the voting data and they knew they were short in getting the deal done.
The last two and half years of Nisa has been a series of lies from the executive from start to finish.
The Nisa shareholder has been sold down the river but no doubt the executive have been handsomely rewarded for handing Nisa to the Coop on a plate.
Disgraceful and one that needs investigating.