Interesting scenario.
I saw a very similar situation some years ago when National Foods tried to take over SPC Ardmona.
Then along came Lion Nathan and made a bid for National Foods, conditional upon them dropping their takeover play for SPC, which they did.
The shares of SPC then took a tumble, only for Coca Cola to come along and snap them up.
For now though, we can only sit back and enjoy the play.
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Interesting scenario. I saw a very similar situation some years...
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