The Players are getting set, page-3

dct,

I am interested in your read of the situation. Almost sounds like you are an insider, but then again a number of items you mention are not quite right.

Ruffy owns 48% of PPG and is the major shareholder of PGH which he owned before listing last November. Ruffy also popped up on CKL's register (through Bennamon) his private vehicle. For PGH to acquire any of these entities there is significant conflicts of interest.

Im not sure of Integrated packaging, however I would suggest Ruffy is taking a stake in CKL as a blocking stake for ORA, otherwise PGH would have bought the stake no Ruffy personally. 'Having said that a merger between PPG and CKL is most likely as well as PPG buying Industrial Packaging.

Ruffy needs to be very careful when buying businesses as he has significant control of both PPG and PGH, so the deal flow needs to make sense otherwise one group of shareholders are not being treated fairly.

PGH mentions they have an acquisition that they will close out before June!!! this could be anything, but if it was CKL or PPG in a consolidation play the board of those two business should have already advised that they have been approached!

We shall watch and wait.