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The comment about the "non core asset offload to the Canadians" was tongue in cheek. I suspect that GPT and the DXS consortium both have their eyes on the same key properties. No doubt when they have completed due dilligence the DXS consortium will be better placed to assess whether or not there is enough synergy in the merger/take-over of CPA for them to sweeten the deal.As to IOF, I suspect it is too tightly held by the majority shareholders to be an easy target. Dexus would certainly make a profit by selling their 13.5% stake pg CPA acquired at $1.135 into the GPT bid. With the CPA div they would make arround $0.135 per share, arround 12% for a couple of months investment.
The comment about the "non core asset offload to the Canadians" was tongue in cheek. I suspect that GPT and the DXS consortium both have their eyes on the same key properties. No doubt when they have completed due dilligence the DXS consortium will be better placed to assess whether or not there is enough synergy in the merger/take-over of CPA for them to sweeten the deal.
As to IOF, I suspect it is too tightly held by the majority shareholders to be an easy target. Dexus would certainly make a profit by selling their 13.5% stake pg CPA acquired at $1.135 into the GPT bid. With the CPA div they would make arround $0.135 per share, arround 12% for a couple of months investment.
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