GPT 1.45% $4.19 gpt group

takeover poison

  1. 631 Posts.
    Interesting read:,28124,24590949-30538,00.html

    "...The clause means that not only does a potential buyer have to deal with the equity holders -- offering a premium to win control -- but has the added complexity of having to refinance all the debt in one hit rather than when the facilities mature...The change of control provisions are understood to have stopped at least two big companies launching a takeover offer for GPT in recent months..."

    So this is why takeover talk has been muted?

    ...Damn but the GPT board is a pack of muppets... could they have done anymore to stifle shareholder value? The mind truly boggles.
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