I think it will get rejected by the board unanimously. Should a "scheme of arrangement" does come though, it maybe be conditional. I mean more to do with corporate politics than intentions. Just like what SGF did with ECX, few weeks ago.
There aren't many company in this space who have that firepower to make an all cash acquisition of such a company. Last time I checked, Nestle has 6.5 Billion AUD in the bank which is not enough at all to make such a move if they've got 28 Billion AUD in long-term financial debts. There's more to like and not like about them. No sensible company will tap into bond debts in the current market scenario.
Bloomberg TV, page-127
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