One of the reason the analyst suggested why Coca cola being taken over by Lion Nathan is because of the cash CCL have in their balance sheet.
A lot of Australian companies particularly mining company also have plenty of cash but the share price falls (for the bigger players takeover)to the extremely lowest level never seen.
Australia shares are becoming extremely cheap like rubbish on the street. Shame.
Hopefully more merger and takeover news announcement coming soon.
takeover for cash
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