It really looks to me that the Spanish want to take out the...

It really looks to me that the Spanish want to take out the whole company.

Either they will keep buying on market and hope to steal it for around $22 or they will make a bid to bring it to a head quickly.

They already hold around 75%. Iif they choose the slow route and Cimic buys back 10% on market, the Spanish will hold upwards of 84%. At a premium of, say, 25% on today's price (say around $25), it would only cost $1.3bn to buy the whole lot. They could probably sell Theiss for a lot more than that when the market recovers and they would have a purer construction company.

I may be reading too much into it, but that is what i am currently seeing.