This article is dated May 1 just a little over a month ago before the 30% decline in price we have just had. Not sure who Lyons is referring too.
Takeover talk not surprising: GPT chief
May 1, 2008 - 2:31PM
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GPT Group chief executive Nic Lyons said it's not surprising the property trust has been the target of takeover talk, given its strong portfolio of assets.
"You may have seen recent press speculation that GPT may be a takeover target," Mr Lyons told security holders at the trust's annual general meeting.
"It is one of the unfortunate consequences of being a publicly listed entity, particularly in volatile times.
"GPT investors own a business which includes very high quality assets which are irreplaceable - and as you can see this business is trading well below net tangible asset value.
"In these circumstances it is not unreasonable to experience this type of speculation."
takeover speculation, page-4
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