The article was written by Brendon Lau, it summarised the key mid level M & A stories and pinpointed Chris Bain of Phillip Resources Fund. He mentioned that synergies such as adjacent assets are of high likelihood of M&A speculation and takeovers. This is of course obvious although it is a great thing to read, as I believe the market sometimes forgets the M&A theme, when the managers of these companies need to grow to survive so really they never stop looking for targets and tie ups.
IGR Price at posting:
59.5¢ Sentiment: ST Buy Disclosure: Held