ELD 0.33% $9.20 elders limited

If there was a takeover, why don't you expect to get face value...

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    If there was a takeover, why don't you expect to get face value + int + 50% of t/o premium?

    My view is that this would be forthcoming as only 150m of hybrids, and company value (particularly in a t/o) is a multiple of that.

    This is different to a BBI/BEPPA, where BBI was worth next to nothing and BEPPA at face was hundreds of millions of dollars.
 
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