Yep, I get that g12mO, and yet, the insto's etc who are most likely 'associates' of Seven group, can get another 5% return on their holdings by selling BPT and buying DLS... The T/O looks to me, even though I don't want it to happen, to be a fairly sure thing..?
Ann: Presentation - Recommended Merger of Beach and Drillsearch, page-55
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