So Bob Browning's jetting off to Mobile, Alabama to mess about with boats and Leighton's allegedly not playing. This should put Macquarie in a good position, assuming they can figure out a package that can be sold to co-investors (read patsies) as not being too greedy.
Alinta's shares have fallen off a bit back to $14 or so, so presumably all that talk of a 'killer' bid a couple of weeks ago - the stories suggested $9bn versus $7bn currently - was just that. Other media stories claimed the sources had mucked up Singapore dollars and Aussie dollars...nice work.
No doubt it will be something incredibly complex that involves pulling bits apart, reassembling them and relisting them with a couple of transaction fees in between. I'll be glad when the saga is over, can't wait for the bidding period to close and get out. Not that I, or any, Alinta shareholder should have too many financial complaints, the shares have done extremely well. Now, where to put the money? That is a problem for sure, but a nice one that I'm happy to have (kind of like a tax problem towards year end)
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1 comment:
Good for people to know.
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