I still think PPP is a dead duck for a takeover by NZO (although i hold both). Simple reasons are, nzo sold ppp last year perhaps mainly for required cash. Secondly AT will have a very good idea of the true value of PPP and since he holds a sizable chunk he is not going to let it go at a discount unless there was other incentives for him.
Nita - Your first reason is no longer valid is it because they needed cash then now they have cash!