Is that the 2 times nothing is nothing rule? Irrespective of the demerger, CC were in at well north of $2.60 last I looked. Of course by backs etc and shifting out ITG might or might not help. Probably worth more together. You'd have to think they'd want a 20% annual return.They'll get their cash back but it's probably by Harvey Normanesk type behaviour.
Ann: Cardno Announces FY21 Results, page-10
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