Dont just assume the same %....different time, different assets. Ppt has the corp trust (>trillion fua!) that regals funding partner was after...deal was for regal to take the funds mngt business and the singapore mob to strip apart the corp trust...that way both obtained for nicks....good sum of parts play had ppt not already raided pdl...
mfg?? Bleeding fum, barrenjoey operating at a loss (only has 36% interest), where's the gloss? Oh I know, that cash balance and investments again...~$200m equiv (post your divi) cash rebate at the end? But why pay a $800m premium for that?
this will play out like ptm...get in - hype up rumour, take 10% on rumour mill and leave before the plunge....
MFG Price at posting:
$9.51 Sentiment: Sell Disclosure: Not Held
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