Just be aware that under the Corporations Law there is a limit...

Just be aware that under the Corporations Law there is a limit to how many more shares KAH/Dattels/Polo can buy without making a full takeover offer for the company. THis assumes that they are all treated as associates under the law eg one test is "acting in concert" which it seems pretty certain that they are. Without making a full bid the most they can purchase is 3% per cent every six months. THe threshold level in Australia is 20% and in UK 30%. Once you cross that threshold are if already over it and seek to increase your holding further you must make a full bid. So the link between KAH, Dattels, Polo etc is vital to understanding just how many more shares they can buy at this time and therefore this needs to be considered when we are trying to figure what is going on takeover/jv wise