Corporate activity is a good thing for public markets

Corporate activity is a good thing for public markets
Long-lived entities are meant to be dynamic, changing with the tides, buying and selling things, and changing hands. (Image: Getty)
Paul McBeth
Amid the wailing and gnashing of teeth about the lacklustre state of the local bourse, including from this correspondent, it’s easy to forget that corporate activity is actually a good thing for public markets.If market participants can’t decide on a fair value for a listed company, then some canny operator will come along and scoop it up, providing the owners with an opportunity to cash up and park that money elsewhere – hopefully in another listed entity.Long-lived entities are meant to be dynamic, changing with the tides, b...

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