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[sharechat] GPG raise hackles over RBC and FFS


From: Greg <g&jelliott@xtra.co.nz>
Date: Fri, 05 Jul 2002 21:49:34 +1200


So GPG bought up 19% of RBC last night, mostly after the market closed, and
by direct approach to selected institutional shareholders. JBWere say this
is an 'all-or-nothing type deal, it wasn't a market-based deal'. In other
words, an NRDA (normal rules don't apply) situation.

GPG's Tony Gibbs then suggests the FFS deal to buy CNIFP will collapse. If
not, he hints that GPG will break up RBC.

So, what's going on? Any takers from the corporate watch box?

Greg E (hold RBC) 

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