Re: merger with LNC. I had decided to hang on to my options for a bit to see if another party turned up. Nothing much happening, and was getting close to cashing in - but last week there was an interesting development.... though I'm not sure if it's really significant.
27 June announcement - MM&E Capital - becoming substantial holders of SXP after buying up 5.3% of SXP shares from the 12th June.
So now I'm wondering... why would they do this now, unless they think there is a chance of another bidder for SXP turning up?? I mean if they want LNC - they could just buy it now at $3.70 = to the recent funding deal.
What do people think - do MM&E have an inkling of something we don't know about? ... or are they just taking a punt?
- dukey.
EDIT: interestingly one of MM&E's funds is called the Takeover target fund! (see bottom of this link)
http://www.mmecapital.com.au/content.asp?nodeid=3