Completely concur, even though with MIRA's tyakeover of BIN, I received cash. While subsequently it's not been a happy story for Macquarie going by reports in 'The Oz', on balance I'd have preferred it had continued to be listed.
It's in the long term interests of capitalism to have as many companies as possible listed on public share markets. The latter are imperfect, and small retail investors can be regarded by the institutions and perhaps management of some companies as irritants.
However, companies who want their social licence to continue ought be aware this is arguably more difficult to maintain when they are taken over by private equity or foreign multinationals.
Every time an ASX-listed entity is taken private, some of us must search for the next opportunity. If the number of entities listed declines, that can increase in difficulty.
RWC Price at posting:
$4.20 Sentiment: Hold Disclosure: Held
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