The AustralianSuoer takeover proposal for IFT has some interesting implications for TPW if it succeeds. It looks like TPW is the only IFT asset that AustralianSuoer doesn’t want.
The distribution of TPW shares to IFT shareholders opens up the share register with the disappearance of a majority shareholder. Presumably a fair few TPW shares get flicked on by IFT shareholders, putting downward pressure on the share price. Or is this an opportunity for someone else to control TPW - who are the likely contenders?
What future direction does TPW take free from IFT’s control?
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