What are MM’s current thoughts towards OZL and TPG?
Hi James, Thanks for all your help as usual. Two questions. If BHP don't raise their bid for OZL and the deal falls through and OZL drops, would you be interested in topping up your holding? As I understand it, the bid wasn't necessarily factored into the original thesis in buying the stock, so if nothing has changed, would the drop not provide a good entry point? And regarding TPG, what is MM's current thinking, are you considering cutting the loss or are you expecting an improvement and like the defensive nature of the stock going forward? I note that ABB's share price hasn't been performing well either. Thanks again. Josh
