Mik01,Yes I heard that on lateline. I think it was a misquote...

Mik01,

Yes I heard that on lateline. I think it was a misquote from the official announcement.

The official announcement mentioned: "It should not be assumed that any of these discussions will result in a transaction or that a change of control and/or recapitalisation transaction were to occur that it would be priced at a premium to recently traded prices in Asciano's securities."

Somehow Lateline interpreted that paragraph wrongly. However, whatever rumour about AIO last Friday does not seem to be true. In the short term, it is buy the rumour, sell the fact. That is why AIO was down today.

Holders will have to wait till the end of the financial year for completion to occur. I would be more comfortable if interested parties were genuine operators (i.e. port or rail), rather than just mere hedge funds. We do not know the exact identities of bidders. Yet to be seen how this pans out.

Happy investing.