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The initial market reaction was to send GPT down $0.06 but then it recovered $0.02. The volume of turnover is fairly low. I suspect the market is taking a more "wait and see" perspective.

From todays price action on CPA, with good volume, it also looks like the market is not expecting a bidding war. The price action around $1.26 being pretty much in line with the offer of GPT and the prospective dividend from CPA. From the price action on Dexus it looks like the market didn't thing much of their market release "We are doing due dilligence and have no comment at this stage"

When GPT made an offer for Australand, the market initially sold GPT down a little then pushed it up significantly. If successful, I think it is likely that GPT would keep the core assets of CPA and sell off the non core assets. Obviously there would be synergies for bringing the management in house with the existing management team. Probably ask Canadian Pensions if they want the non core assets (?)

<blockquote data-quote="nulla nulla" data-source="post: 803223" data-attributes="member: 20948">The initial market reaction was to send GPT down $0.06 but then it recovered $0.02. The volume of turnover is fairly low. I suspect the market is taking a more &quot;wait and see&quot; perspective. From todays price action on CPA, with good volume, it also looks like the market is not expecting a bidding war. The price action around $1.26 being pretty much in line with the offer of GPT and the prospective dividend from CPA. From the price action on Dexus it looks like the market didn&#039;t thing much of their market release &quot;We are doing due dilligence and have no comment at this stage&quot;When GPT made an offer for Australand, the market initially sold GPT down a little then pushed it up significantly. If successful, I think it is likely that GPT would keep the core assets of CPA and sell off the non core assets. Obviously there would be synergies for bringing the management in house with the existing management team. Probably ask Canadian Pensions if they want the non core assets (?) <img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite1" alt=":)" title="Smile&nbsp; &nbsp; :)" loading="lazy" data-shortname=":)" /></blockquote>

[QUOTE="nulla nulla, post: 803223, member: 20948"] The initial market reaction was to send GPT down $0.06 but then it recovered $0.02. The volume of turnover is fairly low. I suspect the market is taking a more "wait and see" perspective. From todays price action on CPA, with good volume, it also looks like the market is not expecting a bidding war. The price action around $1.26 being pretty much in line with the offer of GPT and the prospective dividend from CPA. From the price action on Dexus it looks like the market didn't thing much of their market release "We are doing due dilligence and have no comment at this stage" When GPT made an offer for Australand, the market initially sold GPT down a little then pushed it up significantly. If successful, I think it is likely that GPT would keep the core assets of CPA and sell off the non core assets. Obviously there would be synergies for bringing the management in house with the existing management team. Probably ask Canadian Pensions if they want the non core assets (?) :) [/QUOTE]

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