There was always some discussions around PS&C hiving off the...

There was always some discussions around PS&C hiving off the smaller security division (going back over three years now).

From the PS&C annual report ..."Security segment
• expansion of our GRC offerings,
broadening operations into new
Queensland with dedicated account
support, as well as cross-selling to
existing customers and expanding
new client base.
These developments, together with the
current strategy, are expected to assist
in the achievement of the consolidated
group’s long-term goals and development
of new business opportunities.
In addition, the Board is actively pursuing
divestment opportunities to unlock value
for Shareholders and to strengthen the
group’s Balance Sheet."...

It would be a heck of an acquisition, if it is indeed that division. Would be more a merger/ takeover than an acquisition IMO. I am not across the PS&C business enough to comment on what a good outcome would look like.