perhaps BM was buying to; a/ instill some confidence? or, b/...

perhaps BM was buying to;

a/ instill some confidence? or,
b/ protect Condition Precedent X from being triggered? or,
c/ all of the above!

regardless, in the so-called merger of equals, poor old CAH is not holding its end up at the moment... since the 15 June announcement CAH are down 20% while CQT are down 10%

I wonder if the queries from the Deutsche Bank chap are ringing in BM's ears now?? (Refer to about 28:40 into the webcast of the merger announcement - http://www.brr.com.au/event/81724?popup=true )

whatever the case, Mr Market and obviously a lot of CAH shareholders have thus far voted with their feet...

given all of the uncertainty in the world at the moment (albeit it is abating in the last few days thank goodness) I am still aghast that anyone could think that launching a deal with so many inherent uncertainties, into an uncertain market was a good idea... (can that be expressed as a mathematical equation? uncertainty times uncertainty... doesn't that equal uncertainty2)

I believe it was said that about this deal that "1+1+1=4" ... uuummmmmm, well now it seems we need to believe that 0.8+0.9+1=4 ... that is a tough ask in any market, let alone an uncertain market that is teetering on the edge of GFC2~!!!

that said, don't think I am a pessimist - I'm sure there is some merit to this merger somewhere down the track for someone (who knows - maybe even for the merged entities shareholders one day?)