'So i guess if someone wished to do it they could make a bid and...

'So i guess if someone wished to do it they could make a bid and request a meeting for a change of the constitution. With the right offer on the board I am sure it would probably happen.'

Yes, that's so, but it would need Board support and a 75% vote to go through. It's not impossible, but perhaps unlikely.

Meantime, I think the whole situation is getting a bit out of hand. As a holder of BGA, I'm just worried that they'll overbid. Already I think BGA look very expensive, and I'm not enthused by the story in the Australian that they're gearing up for a higher bid.

WCB shareholders must be delighted. They look like being the only winners. I've been through other hotly contested takeovers before, and the winner rarely ends up with a bargain. But make sure you get a cash bid!