With all this talk of takeover, has anyone looked at FMG & what...

With all this talk of takeover, has anyone looked at FMG & what is going on over there?

Seems to be a twofold action underway
1 - FMG have committed to on market buy back of up to around the $500,000,000 mark
2 - Twiggy has been buying on market lifting his stake fairly recently from 32% to around the 35% mark.

FMG have already spent around $100M of the above on share buybacks, so another $400M at current share price would give them roughly 100M shares.
Twiggy has about 1.1B shares for his 35% so another 100M cancelled would push this up further.

I've absolutely no doubt he's building up for something & majority control of FMG would give him incredible leverage to do whatever is running around in his imagination.