PBG 0.00% $1.15 pacific brands limited

Ann: Becoming a substantial holder from CGF,CGF-PBG.AX, page-3

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  1. 2,658 Posts.
    lightbulb Created with Sketch. 51
    Probably they want to use the franking credits for tax purposes - so it might be worth slightly more than $1.15 to them.

    Alternatively, they have a lot of shares at a cheaper price, and they want the voting power to help guarantee that the deal goes through.
 
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