Ummm I did some research back in 2015-2016 when they had this AFR article about those take over thing. Somehow the company later respond about the article and admitted there was a offer on the table by other parties. So it actually made me wonder, if they haven't respond to the afr(which I'm sure they know about it) it could be mean that the deal is sort of done. Or we might hear a announcement soon about the afr news. And just to let you guys know the timing of the company announcement in 2015-2016 it was like 1) afr article first, 2) fund Managment share holding(tpg) 3) responding to the news 4) trading halt 5) announcement of the bid. So obviously last time the board knows about the offer and only officially announce right after the trading halt and the news article. It seems like management leak the information to the AFR writers. Back to now, ceo bought shares right after the AFR news, and some other directors and fund management bought it during the AFR news released. I think it is purposely planned for the selling of the company, maybe they are trying to look for a bidding war.
GXL Price at posting:
$4.45 Sentiment: Buy Disclosure: Held
