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The cost of a garment often does not reflect the value a consumer derives from owning it (cost-per-wear).
But fund manager Orbis Investment Management, CWW's largest investor with over 19% of the stock, said the 38p a share final offer does not "reflect the value" of a company whose stock price has collapsed over the last two years.
To clarify: the sum of £43,000 which was paid to settle this matter out of court does not reflect the value of the unpaid fares alone, which were substantially less.
Saville Gordon Estates agreed to a $723 million deal with Morgan Stanley Dean Witter to revert to private ownership because of concerns that Saville's share price does not reflect the value of its properties, which include warehouses and industrial sites.
"Our board of directors has concluded unanimously that the Glaxo offer is inadequate and does not reflect the value inherent in Human Genome Sciences," H. Thomas Watkins, the company's chief executive, said in a statement on Thursday.
"We believe the proposed buyout does not reflect the value of Dell and we do not intend to support the offer as put forward," Brian C. Rogers, T. Rowe Price's chief investment officer, said in a statement.
Similar(52)
"The Instagram post is disgraceful and does not reflect the values of BGS Brighton Grammar Schooll)," principal Ross Featherston said.
This pattern surely does not reflect the values or intentions of the transplant community.
"What he said does not reflect the values of the American people or the Republican Party".
His offensive reference to a revered civil rights icon does not reflect the values of our brand".
Likewise, if, as some commentators say, the Labor party does not reflect the values of the labour movement any longer, should they consider a name change?
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com