News: ConnectEast recommends Horizon bid , page-13

Interesting question Jadco. What if someone (Transurban, say) did offer 60. The company is in play, so how could they refuse? Obviously 60 would be better, and I would prefer Transurban scrip to an unlisted fund I think.

Also, what are the implications of unlisted funds that you refer too. Is is what we have been seeing the dodgy unlisted REIT's over the oast three years that were not forced to clean up like the listed ones?

I am happy to hold CEU for long term - and I feel like 20% is not good enough to compensate for 5% year non-volatile increasing dividend stream for 35 years, so will vote no.