Well I think realization of portfolio is much more likely than a...

Well I think realization of portfolio is much more likely than a takeover.

I think they will just go about their business for another 6 months or so, improve properties as required, lease the vacant ones (with tenant incentives), which will increase the value of their assets. They should be able to do all that and easily pay off the Mirvac loan on maturity. At that point, they will IMO seriously look around for buyers for the whole portfolio.

I simply cannot see how a takeover can be orchestrated given Mirvac's 14% stake and lack of liquidity of MIX units.