Ann: LGL rejects acquisition proposal from Newcre, page-14

re: Ann: LGL: LGL rejects acquisition proposa... SG - You have to remember that sometimes you have to buy or be bought.

NCM is aware they are not large enough to fend off interest from the internationals, therefore only by bulking up can they shore their defences up.

Not a good deal as it'll be scrip issuance like confetti which isn't what i want as a holder.

Feeling is that both are in play, NCM just pre-empted any other moves.