What we do is invest in new assets that generate a return. The Australian economy has nowhere near the level of savings required to build new businesses, so we rely on foreign investors. This is the reason BHP is listed on the NYSE.
One of the ways we rely on foreign investors is that we sell them fully developed assets so that we can free up the cash to generate new assets domestically. Then we sell those and on and on and on.
It's not an attack, it's not war and it's got nothing to do with racism. It's just a symptom of being a developed economy that is actually tiny on the world stage.
Getting back to the point at hand, I'm not sure $11 is enough. I don't think it's enough of a premium to justify selling some quality assets. Has anyone else figured out a number they would be happier with?
It's not bad, I just think $12 would be the minimum. Keen to hear other views though.
Probably all moot anyway, as I don't see the ACCC accepting it. Way too much market power moved into a single entity.
Cheers
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