How much more can be offered to make everyone happy
I'd say $9.50
But there's still no way the infratil board are letting go of this cash cow. There's hasn't even been a acknowledgement of this morning heralds article. Which to me is probably nzx announcement material.
There's a thread across on HC that has a copy paste of the Australia today articles.
TL;DR 1 = Speculation AustralianSuper, could be about to face competition over its $NZ5.4 billion ($5.1bn) bid for Infratil with talk in the market another fund is preparing a rival offer (IFM or IFM x AustraliaSuper deal).
TL;DR 2 = First round bids for the Tilt Renewables stake were due on Friday January 22 and DataRoom understands that the groups that have put forward offers include AGL Energy and Queensland Investment Corporation through their Powering Australia Renewables Fund (PARF).This is along with Canadian pension fund CDPQ and New Zealand’s Mercury Energy.
Market not ascribing much probability to this occurring... however, I do wonder whether there's any way of a potential purchaser been able to avoid having to pay Morrison & Co the PV of 5 years of the IFT mandate management fee?
Regardless, I suspect Morrison & Co (and their lawyers) will be re-reading their mandate agreement several times over...
Originally Posted by Dlownz
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