BF1You sound like your close to the industry.PACT has been...

BF1

You sound like your close to the industry.

PACT has been looking to raise money through an IPO and partial sale for a few years now. They only have the debt market or a back door listing left, I suspect now PACT have a half share of PPG and the market is looking more positive they may look at some kind of full merger and raise money at that same time.

A listed $1.5b or so company may get some real traction and quick money for PACT particularly if the market gets a head of steam.

The back door listed idea was put to PACT about 12 months ago and he did not rule it out only commenting that PPG in its current form was not up to that yet or words to that effect.

PPG has spent the last 12 months setting up a consolidated national logistics program for their source and sell strategy with lots of spare capacity. The PACT chairman has also been unusually vocal recently (6-12 months) about spruiking the potential of PPG to be a $B company in 5 years and inviting fundies to look them over, something usually reserved for pending IPO's.

Time will tell but yes it is a big call.