Been pretty quiet since Raphael Gemender picked up 16% of Colorpak. A bit of speculation in todays Australian newspaper, suggesting that Colorpak would be a better fit for Orora(than for Pact group).
QUOTE FROM TODAYS ARTICLE IN THE AUSTRALIAN
"Credit Suisse reckons Orora (formerly Amcor) could pay $1.30 a share ($145m enterprise value) for Colorpak and still enjoy earnings per share accretion of 5 per cent."
CKL Price at posting:
72.5¢ Sentiment: Buy Disclosure: Held
