updated AFR article - seems the bidder does not want to acquire control or make a TO offer for SPR. And they only want to go to at least 10% including the existing 4.75%. Interesting comment at the end that fund managers at the last CR at 58c lapped up the stock - the last insto CR was heavily over subscribed. I wonder if the bidder is an overseas entity and SL recently meet them in London before they decided to increase their stake? If it is a fund manager that bodes well for the SP. Still feel if this is the case the SP may go above 89c tomorrow.
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