Ann: Business Update, page-40

Fosters took - 75mill. mill. and Cranport (Fosters assoc. funds management co.) 79.3 mill. shares, interesting to read on Cranport website what they look at -
"Specific scenarios that we focus on are:
•High Growth stocks that have a credible business plan and whose risk profile may be too high for the average fund manager.
•Turnaround stocks that have under-performed or suffered a significant drop in share-price.
•Neglected stocks that have been ignored by the investment community mainly due to a lack of liquidity or a lack of scale that can be acquired cheaply with the aim of unlocking shareholder value.
•Break-up Stories where the sum of the parts is substantially more valuable than the current market capitalisation. These present an opportunity to acquire stock and exert pressure on management to engineer change whether it be through asset sales, a capital return or a takeover bid."