Ann: Acquisition and Associated Equity Raising, page-29

Thanks for sharing

I have held for nearly 6 years and reasonably happy with Total Return.

I see logical synergy and mature approach to acquisition with risk sharing after the initial tranche to get the deal across the line for the vendors. I would hope the Dutch guys are happy to stay on, and not run off and start a competitor.

I think Dutch & Australian mindesets are similar, or at least more or less compatible, unlike say SGH's and NAB's folly with UK Acquisitions where the old school tie set dont appreciate colonials being in charge and will find myriad ways to sabotage you. SGH were own worst enemy, and I dont blame Brits for giving them a harsh just come-uppance.

Will decide after cogitationg on this. I lean to buying through the offer or on market at this pull back price.