NZOG could well stay at 15% and live with that knowing that they have a big enough stake to stop anyone else trying to make a full takeover.
NZOG could well increase its stake to near 20% and stop short of having to make a full takeover bid making a full takeover offer from any other source highly unlikely.
Either way, with 15% or near 20%, NZOG has sewn PPP up with the help of AT and NT with their large shareholdings as well.
In my opinion NZOG will make a move with the help of PPP. In other words a merger arrangement will be promoted by the PPP directors to be in the best interests of "shareholders".
That way NZOG will acquire PPP"s 10% of TUI and nearby interesting structures as cheaply as possible. Gain the extra funds in the PPP piggy bank and maybe acquire some other assets from some other "strugglers".
If it is going to happen it ought to happen this quarter.
PPP Price at posting:
35.5¢ Sentiment: Hold Disclosure: Held
