It 's about the recent investor day. Said they had spoken to parties and then said to analysts they wouldn't take any further questions on the subject. Said they had nothing that required disclosure.
The analysts also said it would make sense for a larger player to take them out and give that player a means to distribute their fuel in NZ
Also said it would be a big bite for Ampol to take them out as their market cap is about 2.25 billion AUD however being that the are listed on both bourses it could open the option of some sort of script component bid.
Hope that helps. Not to keen on doing a copy paste from the Fin.
ZEL Price at posting:
$2.80 Sentiment: Buy Disclosure: Held
