status of symbion offer, page-2

Followed it with interest. Mr. Bateman exhibited a mastery of tactics (he was clearly very well advised) and discipline to achieve 100% ownership of a company that was right in the crosshairs of another more favoured to succeed. It didn't hurt that during the currency of Bateman's offer the market fell dramatically, but I bet that had it not, he would have prevailed using backup plan B or C. BTW, I think that Mr Dixon did the right thing at the death in capitulating by making his "blocking" stake available, thereby acting in the best interest of his own shareholders. The market apparently agrees with my view of Bateman (re this company-changing acquisition and his ability to bed it down anyway) giving him the ultimate accolade of providing the requisite (and substantial) equity funding in the blink of an eye. He now decides when and how to parcel out and to whom the important assets involved in the health and wellbeing of many Australians. You can be sure when he is done, IMO, that PRY shareholders will be best off of all stakeholders to these events, but I reckon we will all be better off because this illustration of capitalism and a mighty capitalist at work can only make the provision of healthcare srvices for you and me more efficient.