I read somewhere Matthews was happy to take the current share price and is hence happy to sell out/down. CCL we heard wants a higher price of $6+. Lazard has not expressed any view so we know is that 5-15% of total retail holders will need to vote down if we do not want Greencross sold at this price. I still think it is close thing looking at it. While GXL sounds confident that it will secure the current deal, I am sure there is plenty of back room talk with CCL to try to make this a sure thing.
GXL Price at posting:
$5.41 Sentiment: Buy Disclosure: Held
