AZJ-GNC merger speculation

First this afternoon Bridget Carter ('Data Room' in 'The Australian' online, to be in the paper on Friday 20 August 2021) wrote a speculative article about a possible AZJ-QUB merger, with QUB calling the shots as it has a lower PE ratio.

A couple of hours ago she penned the below about GNC into AZJ, of which a part extract is:

(my head's spinning):

"The nation’s largest freight rail company, Aurizon, has had a busy year behind the scenes examining possible acquisition opportunities, and it is understood one of them is GrainCorp.

The $1.4bn GrainCorp is the nation’s largest grain handler, operating across the east coast.

This month it upgraded its 2021 financial year net profit guidance to between $125m and $140m on the back of favourable weather conditions, bouncing back from one of the country’s worst droughts on record.

DataRoom understands that the $7.4bn Aurizon mulled an acquisition in partnership with West Australian grain growing co-operative CBH Group.

The understanding was that Aurizon was to manage GrainCorp’s infrastructure while CBH would handle the operational side of the business.

GrainCorp has seven ports on the east coast and a joint venture port under construction in Vancouver, Canada.."