Asciano

As a long suffering shareholder in Asciano, finally back in the black, what do you suggest in the current situation of the shares trading at a substantial discount to the supposed takeover offer price? Would you sell and be pleased to be out of the stock, or hold and see what transpires?

A: I am as much in the dark about this transaction as you or anyone else.

The market seems content to wait for the time being – as you say, it is trading at a substantial discount to the supposed indicative bid that values the company at $9.05.

Sorry – really can’t advise. If it was me, in the black and I didn’t need the cash, I would probably hold and see what transpires.


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