I would have preferred a normal buy back this would have better supported the SP. I guess this gives the Dixon holders a bit of a chance to get out at a reasonable discount to NAV. At about a 25% discount to NAV it is a buy for me. I have gone into the buy back for the arbitrage opportunity but happy if I don't get the sale.
Ann: Off-market buy-back to commence 20 September, page-8
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