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Strategies & Market Trends : Australian Shares and ADRs

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To: Paul Corbett who wrote (89)	9/30/1998 4:05:00 AM
From: Paul Corbett	Read Replies (1) of 96

From market report for Weds 30 September.. "The market experienced strong trading in Mayne Nickless who is a substantial shareholder in Optus. Mayne Nickless rose as high as $9.30 due to news that shareholders will get 1.6 Optus shares at $1.85 each for ever one Mayne Nickless, later slipping back to $9.00 however still up $0.20. Further to the Optus float, fellow shareholder Cable & Wireless will issue 375 million shares in a public float."

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