Hi all,Just though i'd share with you an article and a good...

Hi all,

Just though i'd share with you an article and a good short term opportunity i read today in AFR and get your opinions.
It is in regards to Australian Infrastructure Fund's intended $2b sale of its airport assets. AIX now having completed the deal with Future fund is now looking at distributing the $2b proceeds to shareholders in two tranches, totaling around $2.96 per share. The stock has risen around 32% since last may amid strong interest from foreign hedge funds in the deal.

The size and timing of the distribution hinges all on the bet that AustralianSuper doesn't proceed with litigation over the $2b airport deal between AIX and Future fund late last year. According to AusSuper (who already owned 5% of Perth airport), AIX breached an agreement by selling their stake in the airport to future fund. By doing so, Aussuper shareholders were unable to increase their stake in the airport, and claims that "their pre-emptive rights have been reduced".

Either way, if the distribution goes ahead in a timely manner and assuming AusSuper doesn't take action, looks like a good short term trade?