This looks interesting. Australian Super has picked up 432 million additional shares as sub underwriters from the retail entitlement short fall. That's almost all of the shortfall, leaving aside a million or so for other. That's in addition to the 476 million they declared in their substantial shareholder notice released to market on 9/2. Generally underwriters don't hold on to their shares and dump them on the market but I wouldn't expect Aus Super to do that as it will just destroy their investment.
Do they know something we don't.
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- Ann: Completion of Retail Component of Entitlement Offer
This looks interesting. Australian Super has picked up 432...
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