a good thing , page-40

Moneymaker, I just looked up Hastie takeover in google, and this article is not about a takeover, but interesting nonetheless. I've been wondering if HST is just going to be a zombie share (crazy- it just won a contract which is now a greater $$$ amount than its market cap!) and it does seem to be a zombie, but perhaps there is a plan.

http://www.smh.com.au/business/hasties-door-will-always-be-open-20110614-1g211.html

So, Lazard put investor money into Chandler Macleod (ASX:CMG) at 12.5c, and some were sold @ 53c, or quadruple the investment. (As an aside, CMG shares trading today @ 35c, down 7.9%- it seems like these things have a profit expiry date). As for HST private equity clients, the HST share price will have to rise by some 70% now, to merely equal the raising price of 14c.

Dunno who would take over HST- maybe Lazard? PEP? One of the ASX-listed industrials or utilities?