Ann: PTG enters into Scheme Implementation Deed with MRI, page-22

This is a mildly curious situation:

While the stock was always expected to trade at a discount to the bid price (to reflect the risk - albeit slight - of the deal not closing, as well as the time value of money), the discount is 9% now.

Assuming it takes the typical 2 months to get the Scheme documentation out and the Scheme meeting convened, buying the stock now offers a 9% return in the space of 2 months (or an annualised return well over 50%).

Better than a poke in the eye with a blunt stick, even if the investment won't make the 12-month CGT discount time frame.

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