i think you might be right Noip. The market seems to be very worried about the debt. But the dude behind BPC (Cant remember his name!) seems like a pretty smart fellow (even though he is a Kiwi) and would still hold over 50% of the new company so has plenty at risk. AFR article today said market was waiting to see what benefits / synergies were specified in the takeover docs.
Could be worth a punt. Good margin lending for BPC too.
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