None of the options is my preference in a takeover. Scrip is the last thing I will opt for. I much prefer a complete cash offer. If management recommend the takeover, there must be a break fee unless a superior offer appears? I don't know enough of this sector at all but I like the trend hence I go in early this year.
Wait and see approach on whether this will attract some foreign funds coming to the race. I am thinking the Canadians have been very keen in the utilities so could be a possibility? Asciano is rebuffed by ASIC so who knows...
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