Tuesday, January 16, 2007

Alinta Takeover .. futher news and speculation

Following on from previous posts on the news on this takeover, Alinta Limited (ASX:AAN) shares rose $A0.36 to $A13.76 yesterday based on speculation that Babcock & Brown (ASX:BNB) may emerge as a suitor. The investment bank, which already owns a stake in Alinta, has declined to state whether or not it is considering making a counterbid for the Australian energy group. The value of Alinta's stock increased by 19 per cent over the four days following the announcement of a management buy-out plan.

So where too from here for investors. Well pretty much sit on the stock and wait and see what happens. There is no use speculating on what might or might not happen. The fact that a buy out has been offered means the company is going well.

Good Luck investing.

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