peplon nominees, page-11

mljet: I also try to think outside the box/square...
VPE can easily get a LOT of CASH for some of their CSG grounds.
But VPE can also structure a very attractive scrip offer with additionally some cash component, for instance. As long as the offer is really excellent, I would not see why Sir Eddie and us ordinary shareholders would refuse.
(1 VPE for 2 ITC plus some cash - purely speculating here of course).
And, the more VPE is buying up now cheaply, the less they will have to buy at a (hopefully MUCH higher pricelevel).
I do know that you and some others do NOT think/believe that VPE intends to take-over ITC. But to my SIMPLE mind, it would be a fairly logical move.
We shall see - and in the not too distant future.
wasa
P.S. All I really care for is that at the end the longterm shareholders of ITC are getting an excellent deal !!