JP paid $12 in early November. Usually, if one pays more in a takeover within a 6 month period from when you last bought, you would have to pay the difference to the previous selling parties. I think this is why the market is stuck on $12 at the moment, but I also think the market is wrong because, I suspect that if he does privatise, he will not be doing the buying but rather, putting his 53% into the pot as part of the bargain (being a controlling stake the bid for the balance could be unconditional) and the balance would be bid for by a partner or two to avoid any such issues....
CWN Price at posting:
$12.30 Sentiment: Buy Disclosure: Held
