"to be able to respond should a proposal to acquire all outstanding shares in TLT result"
Their quote... my bolding... this is just appropriate action for TLT as IFT is a majority holding... should an offer come to IFT from a competitor (or super fund) with the view to again commence T/O action against the balance of shares in TLT... best that TLT are able to respond quickly to market rather than having to release an announcement that they are forming a team to assess options.
Seriously contemplating a direct stake in TLT... its a great asset - but fully priced as it stands... but the alternatives for renewables on the ASX are so limited and so far behind TLT's offering.
Will be more than happy if IFT decides to take no action here and remains majority holding.
IFT Price at posting:
$6.58 Sentiment: Buy Disclosure: Held
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