url: universal and vulcan to merge , page-47

The truth is they don't have a clue as to whether they need URL sharholder approval or not.

As many have said before "typical URL Management"

If this merger goes ahead, it will effectively install NAB, via National Nominees LTD as the majority shareholder with just over 420 million shares (or 20%) in the "post meger" URL.

Wasn't NAB one of the previously nominated lead financiers before the GFC halted everything??

Could this be a tactic to ensure Roseby financing?