You were right, it was Lionsgate, although they took their time to get the announcement out:-
'Ceasing to be a substantial holder': http://www.asx.com.au/asx/statistics/showAnnouncementPDF.do?idsID=00741804
So, the lion has put its tail between its legs, let out a timid wimper, and left the jungle. Good riddance!
The only sad thing is that they actually made quite a nice profit out of the whole affair, even account for all of their (annoying) legals.
Anyhow, to focus on the positive, destra gets the jewel in the crown and the cowardly lion is the loser ... wouldn't have it any other way!
I'm looking forward to get my hands on those extra DES shares. I bought into MPH as soon as the announcement was made, as a way of bumping up my DES holdings at a discounted rate, as I note a few of you other posters have. The plan finally worked, but it's been a fascinating drama to watch ... all good fun, with the happy ending.
Cheers all.
DES Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
