Both stocks keep breaking records and just when the market starts to query how much further they can go, the strategists lift spirits with an upgrade. |
Generally, the feeling among shareholders is they would like to see some constructive dialogue between the boards to resolve the situation. |
One of the reasons it may have been done is to make it a little bit more difficult for the Toll takeover. |
Toll may come back with a slightly revised offer and maybe this is something to sharpen their thinking. |