AIO got down to $0.495 this morning capitalising the company at $350m. TPG were prepared to pay $3 billion just three months ago. Surely they will be in there buying right now.
"Whilst it may now seem like a lifetime ago, it is worth bearing in mind that only in August this year AIO received an unsolicited, non-binding offer of $4.40 from the consortium of TPG/GIP. The offer was deemed by the Board to be opportunistic and consequently negotiations were not progressed any further."
von.
AIO Price at posting:
65.6¢ Sentiment: None Disclosure: Held