Here is an extract from "the Australian" last week. Explaining...

Here is an extract from "the Australian" last week. Explaining what's going on..

Bradken said it was still exploring a potential corporate transaction with Magotteaux, a division of Chilean industrial heavyweight Sigdo Koppers, which earlier combined with CHAMP Private Equity to make a $70m investment in Bradken.

the parties edge closer to the end of a 60-day exclusivity period to review the strategic and financial merits of a merger. The agreement was announced to the market on June 26.

This means that exclusivity period is almost up and that there is a lot of speculation over the possible merger.

There are also rumours of other suiters still circling with the possability of a takeover.. I am assuming that the 3 hedge funds mentioned in a previous post, are anticipating good gains if any of these things happen..