I get where you are coming from but I think there are still some difference meaning such a move would be a long way away if at all.
I think it's only Geoff's personal money that holds some ALF shares and my guess is he may be on good terms with Justin. Whereas I think he had some fundamental differences with how management ran things at WDE. WAM funds had been accumulating WDE for ages so today's bid shouldn't come as a huge shock. As far as we know I don't think WAM funds have been buying up ALF, or at least haven't hit 5% anyway.
ALF Price at posting:
$1.07 Sentiment: Hold Disclosure: Held