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At least the Blairite rump has a sense of humour, billing themselves as the 4.5% in reference to the derisory share of the vote it got in the leadership election.
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More to the point, it's a 64% premium to the "derisory" cash offer share price of 580 pence $100) per share offered by Macquarie and a 12% premium to LSE's closing 845.5 pence $14.600) on March 8.
Its stock, which was once worth $66 a share, tumbled to a derisory 6 cents when trading in WorldCom resumed on July 1st.
Analysts are speculating about the emergence of a white knight, perhaps Sara Lee, an American food-to-clothing group.Two years ago, Barilla's offer of euro12 per share would have looked derisory.
After the war, the victorious powers imposed painful reparations on Germany at the Treaty of Versailles Chinaa's share of the spoils was derisory.
Cadbury swiftly rejects the "derisory" bid, which is now worth £9.8bn because Kraft's shares have dropped in value since August.
I had made my contribution but it was a derisory amount.
Macquarie's figure, which was probably only an opening shot to test market reaction, got a hostile retort from the exchange itself, which called it "derisory".Early this week, now armed with financial data that the LSE shared with other suitors nine months ago, Macquarie was huddling with exchange users and considering whether to make a higher, official offer.
In London, Cadbury's shares were up marginally after the company rejected a hostile takeover bid from Kraft Foods as "derisory".
"That's derisory".
The pay is derisory.
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