I was disappointed the take over didn't happen today.
However, I have a strong suspicion that it will either happen tomorrow, or the latest by Friday. Why? Because if you read the Infratil placement announcement it contains this line:
"the final terms of the SPP are expected to be announced in more detail on Friday, 12 June 2020"
In other words, more details will be released on Friday.
Why did Infratil make this statement? It is because they did not provide the retail offer document in their announcement, which is odd. I suspect this is because they are still preparing it with the full details of the Sky take over. This is because they can not legally raise money publicly without a full disclosure agreement, which is required by the Financial Markets Authority.
I also noticed that the Infratil shareoffer website is down for maintenance.
https://www.infratilshareoffer.com/
I suspect that the Infratil retail document and website will contain the full details of the Sky takeover, with all the risks and legal documentation.
Otherwise, how can Infratil raise money publicly without fully informing retail investors of the potential risks?
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The above is all just my own opinion, DYOR.