With all the volume and available shares changing hands at the moment, couldnt a player buy up a heap of them over the coming weeks, vote against Rowsthorn getting his topup to maintain 10% control, and then launch a hostile takeover of Asciano?
If the same players that offered the $4.40 did this, they could probably get it in far better shape than when they initially bid and probably cheaper if they buy a lot of the shares on market before the takeover offer.
Any thoughts on a play like this out there?
AIO Price at posting:
$1.33 Sentiment: Buy Disclosure: Held
