AustralianSuper's bid for Infratil has all the hallmarks of Origin's ill-fated attempt to takeover Contact Energy.
It's hard to see the Beehive waving goodbye to a clutch of valuable Kiwi assets.
Local body politics will face one of its biggest ever challenges as the government pursues just a few big water services providers nationwide instead of the fragmented status quo.
What's so special about owning a home anyway?