with all due respect, the very nature of take overs is for the strong to take advantage of the week at such a time that the prey is most suseptible to being acquired.
The acquirer wants to take over and pay as little as possible to do so. An uncertain time for INT at present with a real cashflow burn issue, and a debt market that will not support any issue, and an equity market even less likely to stump up cash.
We do not know what GL is thinking or waiting for. We do know that he has an association with the company. We do know that his existing businesses are an amazing fit with ours. And we do know that he publicly stated that they plan to make a number of acquisitions in this space.
Enter GL with a cheque book....deal done.
This is a very fragile space to be in right now.
Kiril.
I hold.
AHL Price at posting:
0.6¢ Sentiment: None Disclosure: Held
