santa watch me fly, page-14

MBO is a management buyout. I am a holder but not sure I like it as it means that the management see a way to get more value or maximise value when they should be doing this for existing shareholders. If successful they may then break up the company and float it off in smaller chunks. Basically, the MBO would just remove another good Aust co from public ownership for a one time short term benefit to existing shareholders, and the long term benefit to a few high flyers. It will be interesting to see what the WA state pollies say. I wonder if Brian Burke will be the AAN lobbyist.
Occam