Interestingly, the earlier proposal of D&D was to buy BCM but excluding the non-performing loans. Now the third proposal includes the whole BCM business. Someone from the LNK team must have indicated to D&D that BCM tax loss will be ideal for any sale of CM business.
If LNK has to pay capital gains tax if this third proposal goes ahead, the taxes will be passed to shareholders as franking credits later on. So I am not concerned about the tax issues.
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