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Online Share Trading

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eddy66
Super Contributor
AGL may be vulnerable to an allshare take-over from rival Extrata in a years time,just heard it on CNBC.Wonder what the impact will be on both companies near term..?
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7 REPLIES 7
gamma_spike
Frequent Contributor
credit suisse cut agl to neutral. Goldman raises Anglo to buy from neutral. hmmmmmmm
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john_1
Super Contributor
Ah CNBC must be stuggling for a story today..thats so not news
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john_1
Super Contributor
Ah CNBC must be stuggling for a story today..thats so not news
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eddy66
Super Contributor
okay,sorry john.at least they informed the uninformed,me.
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john_1
Super Contributor
Extrata is basically a proxy to the media when ever they want to imply the some kind of deal might happen as they were very agressive in aquisitions during the bull market..If anybody buys anglos it will be the chinese.
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Tich
Occasional Contributor
The only news I have heard and/or read on Anglos is Bad news?, why would anyone want them right now without a good performance? ungaz!
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eddy66
Super Contributor
John you probably know this allready.It was according to japanese brokerage nomura.Nomura said in a research note,while AGL has ditched its previous conservative strategy,the fruits of new high growth approach,will not be seen for 2-3 years since it postponed 3 flagship projects. It says AGL may be facing an identity crises that could leave the company vulnerable to take over. Assuming a 30% take over premium,a deal would be accreditive to extrata in terms of EPS by 10% in 2010 and 13% in 2011.
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