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APT just seizing opportunities

Alinta's games with the Australian Pipeline Trust share register have helped underwrite Mick McCormack's $987 million acquisition spree, but the prices paid for the assets leave APT shareholders with plenty of concerns.

Problem No. 1 is that while Alinta's activity has put a floor under the APT share price, it seems clear that Alinta wants control without paying the premium required in a full takeover bid.

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    Original URL: https://www.afr.com/opinion/apt-just-seizing-opportunities-20061004-jf42g