Another Stock
MAP - Macquarie Airports
This satellite company has just decided to pay its creator Maquarie Group (MQG) around $360 million in order to take back managerial rights for itself. They're paying that $360m in shares, so basically MQG is accepting a greater stake in MAP in return for letting it manage itself. Seems to me like MQG wouldnt do this unless it knew MAP would be better off managing itself. Despite this change to a seemingly more sensible arrangement, the big payment caused the share price to drop. Maybe a good time to buy?
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