There’s still a chance of yet more icing on the cake for Vision Eye Institute investors. The $1.10 per share cash bid from Chinese group Jango looks like a winner, but Vision has $37m in franking credits, or 20c per share, that could potentially be passed to shareholders. The current offer doesn’t provide a means for these franking credits to be distributed, but a foreign acquirer is unlikely to have much reason to keep them. There’s compelling logic in getting these tax credits into the hands of those who value them most. We’ll be lobbying Vision’s board to do see what they can do. In the meantime Vision shares are trading at $1.08, an interesting price if there is more value on offer. Stay tuned. (VIEW LINK)