CNP's spectacular rally appears to be at the back of speculation of a possible bid from Colonial First State (as commented in The Australian today). Also appearing in the same article is speculation that John Schroeder, currently COO at Stockland, could take up the role of CEO to replace incumbent CEO, Glen Rufarno.
CNP remains in a tenuous financial position as highlighted in its FY09 accounts and therefore a highly speculative and turnaround proposition.
Aegis Daily Research Update - 25 September 2009
possible bid from colonial first state
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