The current FIRB report and approval hinges heavily upon a 'public interest' test and is influenced by the government of the day. When Shell was blocked from taking over woodside the then liberal government said woodside was only one of a handful of companies the government would not allow to the taken over.
With a new 'we are open for business' liberal government GBG would be very much a possibility of being taken over if the offer was right imo.
GBG Price at posting:
14.0¢ Sentiment: Buy Disclosure: Held