are beutel goodman planning to take over bly, page-16

VBurg,
It has been done before for BLY Mark1 IPO.

Here some history:
In 2005 Advent International and Bain Capital & the Management Investors bought Longyear Global Holding Inc from Anglo American. They expanded the business, loaded with huge debts and spined it off in 2007 for $1.85/share. They made more than $1.5 billion for 2 years of holding.

May be BG can do it, but not many investors will fall for that again.

http://www.asx.com.au/asxpdf/20070405/pdf/311tbftf41p5b3.pdf
http://www.asx.com.au/asxpdf/20070323/pdf/311lz58m3tdqvb.pdf