northparkes sale, page-12

There are very few M&A that actually have been beneficial to shareholders. The only two that I can think of on the ASX is CSL buying Behring and ZLB and Wesfarmers buying Bunnings.

I can think of a lot that have destroyed shareholder wealth.

RIO and ALCAN
BHP and Billiton
Newcrest and Lihir
Wesfarmers and Coles
IGO and Jaguar
zinifex and that useless nickel mine in Tasmania
Chinese buying RIO shares
Barrick Gold and that copper mine in Africa
WOW and Dick Smiths

Overpaying for an acquisition is never good for shareholders and to encourage OZL to do that is a bit "rich" IMO. (excuse the pun)

HT1