More comments but from the West Australian
"More than 30 big institutional investors particiapted in the bookbuild, handled by brokerage UBS"
and
"mr Packers exit substantially opens up the Challenger share register, leaving the life insurer vulnerable for takeover, particularly given it is sitting on $350 million in excess cash"
I'm hoping its great that 30 big institutions where happy to pay $3.25 per share and if we get a take over offer surely our share price will onyl go one way - up.
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