Yes I was talking about takeover or a cornerstone major holder position rather than "over-payment" as a strategy. IMO there can be value for both sides of the transaction.
If WPL has better options then they should go for it or if they think all options are overpaying then a capital return as a dividend to us for the excess cash is welcome.
Ann: Half-Year 2018 Results and Briefing Pack, page-66
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