If IPH was only interested in acquiring QIP then why wouldn't they take 19.9% of QIP instead of XIP. If IPH manages to spoil the XIP/QIP merger then you would expect to see a fair loss on the 19.9% stake they've just taken in XIP @ $1.85 (debt funded).
XIP Price at posting:
$1.66 Sentiment: Hold Disclosure: Held
