So labour changed the law overnight, so the deal wont go ahead???????
This has cost me thousands of dollars.
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So labour changed the law overnight, so the deal wont go ahead???????
This has cost me thousands of dollars.
Down 9.9% to $2.55 today on 84 trades so lots of people not too happy. The converse being people happy to buy on the prospect of doing well!
down to 2.48
heres the article CJ
http://www.nzherald.co.nz/section/3/...ectid=10494569
perhaps Labour is forcing some sort of realisation that if we continue to sell our local assets for small short term gains we'll never have anything left. l/t holders may thank them one day
or just protecting the tax base?
Odd that this was so cloak and dagger tho , the two offers for AIA were both based on this stapled concept, so they had plenty of opportunity to enact the legislation prior to now. so it kind of seems as if it has been done specifically to prevent this offer.
Central Auckland effectively voted the Labour Govt in last term. Now the Govt is returning the favour by making sure that their Airport stays in New Zealand hands.
Everyone should be happy!
I, like the AIA board reserve the right to change my mind, again. I'm all for IFT taking minority control of AIA through whatever structure is possible at the cheapest price possible. And, it isn't anywhere near $3.65
Step up to the plate Loyde. Offer $2.90.
I recall stories in the media last year (NBR I think) about a government crack down on staples - they started looking at it when the Dubai deal was on the table. But the timing of this couldn't be worse.