Westfarmer to take over Kidman at $1.90, page-165

This is a good sign for the sector, should logically be the start of the sentiment turning back.
but I reckon GXY would need at least a 100% premium... So it kinda makes me nervous too.
This is exactly why I've been saying that ongoing buy backs is a good idea to protect from lowball TO offers. 47% premium sounds great on face value, it was even on the news but it's really a bullshit offer that only went through because of the manipulation of the sector.. the final death blow to KDR investors who had managed to hold on for the last 16 months and done in such a way that people are saying thank you, master.
The take overs will ultimately swing the sentiment, but those who get taken over first are ultimately the ones getting screwed the hardest