This is how I see the shareholding, don't worry about correcting me if I'm wrong I suck at maths
Last week the major holdings were
Green 20%
King 10%
STL 13%
Bridge 18%
Total 61%
This week
Green unknown but cant be over 20% with an SSH
STL 20%
King probably still 10% no SSH
Others 11%
Total 61%
DPC owns 25% of STL as well,
It makes sense to have a larger stronger finance company, it will improve their cost of funds and enable them to compete with the banks and not be so reliant on the risky end of the market. They could end up more like MacBank rather than Instant Finance.
I think they will go for an amalgamation rather than a takeover. Should be acceptable to shareholders and Mr King wouldn't be able to block it ie 75% accepatance vs 90%.