re: Ann: PMI Announces Interim Order For Merg... Well, as you said once in a GRY thread, PMI is the best of the lot of these goldies at or around this stage, and I believe you. I was just looking through some AFR articles on PMI, and RBC capital had said that if an acquirer paid $1.17 a share- which was a 35% premium to the share price back in August, 2012, a suitor would get $1.67 value.
I also see in the AFR that Macquarie voted against the merger, but is in the running to provide the PMI loan- that mandate would be worth quite a bit. Gee, a bit of a vested interest there.
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