There could be a number of reasons but take cash now and invest it elsewhere guarantees a good result even if the merger does not happen, is probably the main one. This can be done without any tax effects if it is within a pension holding.
MKT The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint
Week 45 Wrap: Combat sports usher in Trump 2.0 – or is it male insecurity?; RBA boring; Propane suggests China alive
