Mrryll Lynch values RHG loan book @ 55c
http://www.smh.com.au/news/Business/Dont-rule-out-rival-RAMS-bid-Merrill/2007/10/03/1191091157086.html
And WBC offer for everything else @ 40c (with the absence of higher bid), so a kinddy maths says,
Minimum RHG SP = 95c
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