nod for anz to offload, page-5

THe question is then what price would GF offer for the remaining 80%? Or would they offer shares given the difficulty in raising cash at the moment. I note that GF are not listed on the ASX so a share swap might be hard.
My guess would be an offer of around $1 which seems generous for a company currently trading at half that. However they would need $200 million cash to buyout all holders.
I see the companies has a diversified shareholding making it harder to get agreement. Interesting times.