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322 Posts.
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11/06/09
09:23
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As others have said, all this increase does in Australian terms is make back some of the gap lost due to the increase in the Aussie dollar recently.
On April 1 the offer was US$1,206 or approx AUS$1,750.
New offer is US$1,386 or AUS$1,726.
So all up Australian shareholders are 25 million worse off since the deal was announced, even with this increase.
Now for debt purposes for the company it is a good deal as a lot of debt is held in US not Aus dollars.
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