afr - bec most vulnerable to takeover

On page 13 of today's Weekend AFR, BEC has been singled out in the property sector as the most vulnerable and therefore the most likely property stock to be taken over. The AFR claims that BEC is unlikely to float its unlisted office, industrial and retail funds and that instead it is far more likely that a single investor will step in and provide the funds it requires. The AFR states that there has been interest in BEC from South African parties that already operate in Australia and that private equity players are also in the mix.