Ocean Wilsons (holdings)... Takeover Rumours (OCN)

Isn’t it a better option to buy Hanson trust shares to benefit from a takeover of Ocn if it comes to fruition? Considering Han itself is on a huge discount and has Ocn accounting for about over 30% of its nav.

galeforce1 Wilson & Sons shares are already at over Real 14 per share (near 15 actually) which is roughly $3 per share & each OCN shares effectively owns 7 Wilson & Sons shares. So the look through value is already $21 per share. There will only be a cash distribution if the 2 family's want it, they may prefer the idea of having another $750M+ of cash under there management to rake in $10M+ in fees etc each year. Never get ahead of yourself when its totally outwith your control. They've refused to do OCN share buy-backs even although there's been a compelling case to do so for countless years & they have a "poison pill" in place to stop any possible takeover (stake builder) that they don't want. LOTM