In a stinging rebuke in this mornings papers Banks Holdings CEO vehemently denied that they supported Ansa McAl’s bid to take over Barbados Shipping and Trading. In a full page advertisement in the Daily Nation the CEO called Ansa McAl’s description of the “very enthusiastic” response of BHL management to their bid “highly inaccurate”.
Mr. Cozier goes on to endorse the Neal & Massey deal as better for Banks Holdings than an Ansa McAl takeover.
“The BS&T Neal and Massy Deale is better for BHL than a takeover of BS&T by Ansa McAl …” – Source: BHL Ad “BHL is NOT on board with Ansa McAL” – Daily Nation 26th July 2007 Pg 15
Now here is where we have a problem with this. In making this statement Mr. Cozier in effect endorses one of the three parties in the whole BS&T/Neal & Massy/Ansa McAl/local consortium mess that this has become. Despite the rest of the text which goes on to effectively say that BHL can do what it needs to with the partners that it has now, Mr. Cozier has in effect taken sides.
It would have been far better to have stayed completely neutral in the whole mess.