Is there a possibility that with all the tasks BGA faces in 'bedding down' an acquisition - reviewing operations further, rationalising manufactruing sites such as Melbourne's Chelsea that IIRC has already been flagged for closure, negotiating with an increased number of dairy farmers re farmgate price per kg of milk solids and also key accounts such as WOW/COL/MTS(IGA) and so on, overcoming export challenges such as how Australia is standing up to mainland communist China's bullying (as we should) and deciding on headcount - that a private equity player will endeavour to swoop?
Treasurer Josh Frydenberg and Treasury's FIRB are analysing bids from overseas far more closely (and with a much lower starting value) which has already benefited BGA in facilitating the Lion Dairy and Drinks successful bid by BGA. There could be some irony if private equity tried to take the larger BGA over, although it could be a local such firm not foreign.
My preference is for BGA to do reasonably well with the acquisition - jury is out at present - and remain an Oz listed company.
I didn't pay a lot of attention at the time as I wasn't a holder in GNC or spinoff UMG - I now am in both - but remember the fracas when GNC itself faced a takeover bid, and all the lobbying that then occurred?
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