anticipating a bid anytime

With both amcomm and powertel poised with just under 20% of the stock any move above this would trigger an automatic takeover for the company.

The off market bid in this case would be conditional on the basis that the comapny gets control or 50.1% within a specified period. This would leave the other company powerless and in a position to force them to sell their shares to the other party. Alternatively a counter bid may be offer in order to persuade the likes of Malone and Co to sell them the shares at a higher price thus increasing the bid to attract a controlling stake.

In any event what could happen to iinet.

The bidder may intend to keep the company going much as it is, or it may plan to put it together with their existing operations and form a subsidiary, which may, for example, lead to staff reductions or fewer product lines.

Do your research traders because i suspect a notice of change in interests of substantial holder anytime. Possibly today after the volume of the last 2 days.

IMHO i think the timing would be perfect for either to have a go at iinet.