LG with about 11.4% of CGT and maybe they are buyers today, I...

LG with about 11.4% of CGT and maybe they are buyers today, I assume it is quite legit for them to buy from the aussie market

looks like several major CGT holders such as ICF will almost certainly support the takeover and LG will almost certainly get majority control

my view is that the takeover will be well supported by major holders, this will be because several major holders are most likely keen to have an exit strategy which is not being provided for them in the ASX market

for example if ICF wanted to sell twenty million CGT shares they would find it very difficult because that would crash the price in the aussie market which has poor liquidity (such as A$200,000 per day), but they could easily sell a few million LG shares in the Singapore market that has an average daily turnover of about S$10 million

I'm wondering if my logic is correct, so further comments appreciated