"Why takeover the company when instead you can buy a controlling...

"Why takeover the company when instead you can buy a controlling stake via a large underwritten rights issue."

dargie, to get control the company. firstly the buyer will need to get the shareholders agree to such large underwritten rights issues first. so to gain such support. they will be some sweeteners to soft the deal to gain support.

I am still think the part assets sales is better (rise of 500 mils to 1 bills cash from asset sale) than full take over. That way we should get better return for investment in a longer term.