CIF - Challenger Infrastructure Fund

[Viginti]

Are there any other CIF holders out there??

What is the opinion on the offer by Arkmile Ltd?? $3.50 against a close share price of $2.98 (opening at $2.44).

Does the fact that market didn't bounce to $3.50 suggest that the probabilities are against this?? I am not quite sure how to read it.

Given I got in at $3.40 and have ridden this thing down since early Jan, I am thinking an out clause at $3.50 may be just what the doctor ordered...

Edit: Just noticed that Duetsche Bank upped their holding from 7% to 9% - vote for (and getting some nice profits) or blocking vote?? That said, Challenger own 30-something % and Packer another 20 or so, from what I read today, so not sure DB would be along for anything but the ride!!

 

[ghostworld]

Are there any other CIF holders out there??

What is the opinion on the offer by Arkmile Ltd?? $3.50 against a close share price of $2.98 (opening at $2.44).

Does the fact that market didn't bounce to $3.50 suggest that the probabilities are against this?? I am not quite sure how to read it.

Given I got in at $3.40 and have ridden this thing down since early Jan, I am thinking an out clause at $3.50 may be just what the doctor ordered...

Edit: Just noticed that Duetsche Bank upped their holding from 7% to 9% - vote for (and getting some nice profits) or blocking vote?? That said, Challenger own 30-something % and Packer another 20 or so, from what I read today, so not sure DB would be along for anything but the ride!!

It's because the deal isn't completed. There are no guarantees at this stage that they will buy at $3.50. I think from the article i read, it states that it's still subject to due dilligence. So offer can still be withdrawn if they dig up some skeletons in CIF. It shows how bearish the market is at the moment. In bull markets, you would see shares trading at above the offer price because some investors are betting that a higher bid will arise from another bidder.