sounds about right, it shouldn’t take long for the scheme of implementation to be hammered out now the consortium have got ORG exactly where they want them by the short and curlies. It will then just be a question of whether to take mid-$8s now or hang on to the conclusion for the Full Monty, which for retail investors is purely down to personal circumstance.
For those who still wish to harp on about FIRB, I can as good as guarantee you, the only thing you will ever hear about it again is when FIRB send a no objection letter eg “we have received written confirmation from the Foreign Investment Review Board (FIRB) this lunchtime that the Commonwealth has no objection to the proposed acquisition and they are all ‘avin another pint down the boozer if anyone wants to join them and we don’t mind if do.”
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Ann: Revised proposal from Consortium at $8.90 per share, page-26
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