Case said the offer significantly undervalued the company and the future of its business.

According to this model, the stock market is significantly undervalued right now.

The offer significantly undervalued the company, the board said in a statement.

They note that several of the stronger carpet companies are significantly undervalued.

Both the environment and women have been viewed as exploitable resources that are significantly undervalued.

The High Court ruled that the land had also been significantly undervalued in the sale.

However, independent M&B board members rejected the offer as "significantly undervaluing" the business.

Some members of the board have attacked the proposed rolls as flawed, saying many properties are significantly undervalued.

But a committee of McAfee.com's directors said yesterday that the bid significantly undervalued the company.

Amec's management said that Kvaerner's bid "significantly undervalues the company."