re: Ann: OIP: OXX: Octanex bids for Orion Pet...
Oxx buys the OIP cash at par (given OXX at .44). OIP shareholders get on board the OXX train with its not inconsiderable prospects. Looks like a great deal for OIP shareholders given that the GGX train was is heading for the cliff. OXX shareholders get diluted for a cash topup plus rats and mice. As an OXX shareholder I am not euphoric, but can live with that. Geoff knows what he is doing. Bet the OIP and GGX camp are in a flap!
OXX Price at posting:
44.0¢ Sentiment: None Disclosure: Held