time is mg's enemy

MG need a strategy. Announcing a higher offer isn't an option, because of the time factor.

I also can't see how a political intervention can work, since the competition and national interest issues need to be properly assessed. The Treasurer has the power to make a decision in the case of a foreign takeover. Neither he, nor anyone else has the power to make the ACCC change its mind, or to direct the ACT to an early favourable decision.

To me, MG's best bet is to try and stymie anyone else's bid, or to force BGA to come to some joint arrangement. The Board would be in a better position to do this if MG had a bigger WCB shareholding, so perhaps the answer is to stand in the market at 10.00, this being the level that I believe they were contemplating on Friday. BGA won't follow them, and I doubt that Saputo will either.

I've also thought of some kind of court action, but can't see what's available.

What's clear to me is that unless MG 'do' something, the prize will go elsewhere.

What do others think?