Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.
“Your comments earlier this week about a possible takeover of ORI by WES is interesting. While it is highly possible I suspect it would have some ACCC difficulties. Such a takeover will result in 82% of the Aust Ammonium Nitrate (a critical component in the manufacture of commercial explosives) manufacturing capacity in the hands of one company. It would probably get pushback in some form by the ACCC as well as the mining industry.” – Colin H.
Morning Colin,
A very fair observation regulatory bodies can frustrate many takeover plans. However, at MM we look for potential corporate action as the cream on what should already be a sound investment thesis before purchasing a stock.
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