FOREIGN TRADE: Australian shareholders suspicious of China’s motives*

Any investor loves a takeover battle. Institutional shareholders, representing the “big end of town”, frequently accumulate large stakes in takeover targets and want to make top dollars from their investments. Often, they are not even Australian – the notorious international hedge funds just take their money and run, as they did before the taxman could grab any of the proceeds from the recent float of the Myer department store chain. Their money has no nationality. The highest bid will always wi…

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