With Macquarie unable to vote their stake due to getting a extra benefit for the management rights, that leaves the 75% minimum acceptance level difficult to achieve as many insto's feel that longer term with this stock throwing off 60c a year earning in a few years time, after corporate debt level is paid off, that $2.50 is too cheap, i suspect that they would be looking for some starting with a 3 to get interested as that is closer to broker valuations
MCG
macquarie communications infrastructure group
