Tale of the Tape, page-8

CIMIC might launch another bid but it won't be any time soon (~6 months). They've declared the offer final and said it won't be extended so ASIC won't look favourably on another offer any time soon.

The 6% block trade yesterday appears to be 3rd Wave Investors (a Perth hedge fund) selling out of their 6% stake. According to MAH, Forager purchased at least some of that - MAH wouldn't have made that claim unless they've spoken to Forager.

I know it's kind of stating the obvious, but it's looking extremely unlikely the bid will go ahead. And CIMIC should be down to around 15% after the dilution.