re: heres why the rise 1237 [Dow Jones] Broker says ABN AMRO has put HHG (HHG.AU) on its restricted
list, suggesting the London funds management group might be headed for Dutch
tie-up, possibly with ING. HHG up on speculation that South Africa's Old Mutual
will bid A$1.81/share overnight vs last A$1.64, up 9 cents, or 5.8%. ABN AMRO
not available for comment. (IGP)
1218 [Dow Jones] Senior dealer says Macarthur Coal (MCC.AU) speculation
typifies hyped nature of market nowadays. MCC not likely target contrary to some
reports, dealer says, with share register tight. "The market is moving at
shadows at the moment," he says. MCC up 55 cents, or 10%, at A$5.85. Adds WMC
Resources (WMR.AU) off Wednesday highs on Xstrata's improved bid, "is having a
day off" despite reports Rio Tinto (RIO.AU) may counterbid. HHG (HHG.AU) talk
has legs, he adds. "This is more likely," he says, referring to talk of Old
Mutual bid at A$1.81 tonight vs last A$1.66, up 11 cents. (IGP)
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