Sorry but it would not make sense. You don’t take stakes in a competitor especially this large. It’s like saying coles took stake in woolies. You want them to do well (so their share price goes up) at your own cost? Or you want to do well (at your investment cost)
Also theagreesive nature with which they have acquired these shares only means they want to acquire them pretty soon. Maybe in a week or in a month who knows? But isu was a good business generating real revenues and profit so a competing offer though unlikely but can’t be ruled out especially if ctm low ball it.
ISU Price at posting:
85.0¢ Sentiment: Buy Disclosure: Held
