nhc comes to the party., page-12

Usually pays to follow the board recommendations with these things, right now it's "take no action". Weekend will be interesting.

Depends on your cost base, but for me the NHC offer would suit better. If they raise it to say 3:1 plus a dollar or so cash it'll be a winner all round, including for NHC holders :)

http://www.businessspectator.com.au/bs.nsf/Article/Macarthur-leaves-the-door-ajar-pd20100409-4C7Q7?OpenDocument&src=sph