I spoke to Macquarie last night.The board has decided to give...

I spoke to Macquarie last night.

The board has decided to give the option to 2 of Macquaries other trusts at nil consideration.

They concluded that it was not in the best interest of security holders to exercise the option after consideration of where bond yields were...I guess due to the fact that they would be using more debt to pay for it.

Doesnt really make sense to me when they have the option to buy an asset that has gone up in value at a price determined in Dec 05.....surely there would be some control premium?????