"in the absence of a superior proposal"Who else would bid? Who...

"in the absence of a superior proposal"

Who else would bid? Who has the capacity to bid for SGL?



http://news.smh.com.au/business/stocks-to-watch-20081229-76bh.html

Stocks to watch on the Australian Stock Exchange today:

AGK - AGL ENERGY LTD - down 18c to $15.27
SGL - SYDNEY GAS LTD - up 15c, 54.55%, to 42.5c
AJL - AJ LUCAS GROUP LTD - up 25c to $4.40
BNB - BABCOCK AND BROWN LTD - steady at 15.5c

AGL Energy has made a $171 million takeover offer for coal seam gas producer Sydney Gas, which could see it take control of the Hunter region gas supplies.