leighton likely to sell its devine shares?

SMH article on Leighton

I am not sure whether this is positive or negative for the rest of the Devine shareholders but it does seem logical for Leighton to get out of a tiny company like ours now that Hochtief has control.

Leighton's AGM is on Monday and Devine's is on Wednesday week so we could hear more about this in the short term. Any withdrawal by Leighton could easily result in a takeover bid for our company and surely it would have to be at a much higher price than the current share price since the tangible asset backing is $1.52. Leighton owns more than 50% of our company so it cannot sell those shares to one entity unless that entity makes a full bid for the company.

Another alternative is for our company to be wound up and sold out and again we would surely get more than the current share price.

GPASAS