With 6 potential suitors - i will be expecting sp to be in the...

With 6 potential suitors - i will be expecting sp to be in the high $5 include debt payment.

I remember this from Warren Buffet :- he purchase the railway in usa.
Reason - It will take someone with deep pockets to build a competing railway - therefore he held the upper hand.

Same with zel assets with its network of petrol stations and port.
To build the same network will cost billions - that if you can find the resources such as timber and steel and the labour to do it.