PPT dropped anthother 2m the other day at $5.17 which now looks a pretty good price. They still hold 23m. Their earlier selling was just after the announcement at around $5.20.
Only 4 days left to the deadline. It seems to me the market doesn't think the Macquarie's faux bidding war will result in a single or combined bid much higher than the original indicative values of $5.10-$5.26 from late May.
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Indicative bids due by July 6, page-15
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