this is a surprise move. it effectively means that brencorp have...

this is a surprise move. it effectively means that brencorp have paid 25c for each new cus share as the excercise price of the options was 25c.
this is above the current market s/p of cus and it is surprising because brencorp had originaly 36 months before they had to excercise.
i think this takes brencorp`s holdings in cus up to about 130 million shares approx.
pratt has a large holding in cus via his investment vehicle, and pratt and scanlon of brencorp are mates so together they have quite a stake in cus.
so could they make a takeover play for cus ?
i think the superannuation funds announcement to use atm`s for investor`s access to their funds may have highlighted that atm`s will get more daily use and therfore created a demand for companies to buy out companies that own atm`s.
the only two that would be available are cus and first data, both with over 5000 atm`s. to my knowledge the major banks own the rest and they arn`t selling.
whatever happens i think cus will eventualy make a lunge at fintronics, take them over, sell off their I.T. and computer side of their business and leave cus owning their atm`s.
greg baker appears to have a big appetite for taking over atm`s and business`s