Suspect Microequities or someone is punting on a BGL takeover of CVA. Big Air has the free cash flow now to support a takeover of CVA and there's not much going for CVA except it's customer list and towers. BGL is triple the market cap of CVA now and is going from strength to strength. If I was a CVA holder I'd be quite happy to accept a takeover from BGL as I'd know I'd be in safe hands. Not sure how BGL and CVA management get on after CVA's failed takeover of BGL - hope they have a coffee and get it together!!
CVA Price at posting:
6.0¢ Sentiment: None Disclosure: Held
