Big Week, page-50

Its pretty simple PE funds dont pay massive premiums when they dont have to

AVEO has made Mulpha money thru intercompany loans (most of which are undisclosed and nice dividends. One has to look at the motivation of seller - i sure they will do ok out of it.

But if your sp is 2$ you aint going to receive offers at 50% premium - thats why you have 3 funds lined up. But as you say Directors still need to approve any deal but as usual in aussie transactions they look after themsleves and shldrs are a long way behind.

offers likely to be around 20-30% premium