brm & ago getting chummy ?

Has anyone thought why Wah Nam was so swift in surrending it's stakes in FRS to AGO ?? It's a good sign perhaps.

I think BRM's quick compliance reflects AGO & BRM (Wah Nam) may have struck a deal for either a merger or a rail deal. This is also a reason why we have heard nothing about a FMG outcome.

Read more: http://www.smh.com.au/business/atlas-harbours-strategic-appeal-20111012-1ljtb.html#ixzz1bt8NUb00

Atlas bid a healthy 38 per cent premium for FerrAus when it launched its June offer but nevertheless had been planning to be in the trenches for 12 months to secure control, due mainly to the competing attention of Hong Kong-listed Wah Nam.

But when Wah Nam folded and accepted the Atlas offer last month, Atlas was given a clear run.