Sp, page-5

The possible return on an annualised basis is very attractive for an arbitrage play at approx 25%. The return gets even better for them if the SP drops and they can acquire at lower prices.

Arbitragers will be on a winner with either a yes vote or a higher bid.

Those with higher risk appetite who sold whist the market was down and bought an alternative Li play may have been kicking themselves until the LTR deal but probably looking like a very good decision now.