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COPYRIGHT 2004 Asia Pulse Pty Ltd
PERTH, April 30 Asia Pulse - Kerry Packer's Publishing & Broadcasting (PBL) Ltd (ASX:PBL) bidders statement for Burswood Ltd contains a "poisoned pill" for Burswood shareholders who held out against the takeover bid, an analyst said yesterday.
The Packer company's subsidiary PBL (WA), which currently holds 15.6 per cent of Burswood, operator of Perth's Burswood International Casino Resort, has launched a A$1.40 takeover bid which values the operation at A$686 million (US$494 million).
The...
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