Ann: Notice of Long Equity Derivative Position, page-4

from what I understand , Weiss was required to disclose their long derivative position in PSC to the Australian Takever panel.

Deritvatves give the taker, ( Weiss) a highly leveraged position in PSC assets . Its possible that by having a large underlying interest in PSC assets via the 75M derivatives, Weiss’s position could lead to reduction of the free float of PSC shares, and in theory, this May enable them to exercise control over the company . The Australian Take over panel considers the all of these factors and in reviewing an equity derivative play so the company isn’t disadvantaged.

I don’t think Weiss Asset Management are in the takeover business, rather they are taking a highly leveraged position with 75M shares that the price will go up and they’ll profit.