Because it is reliant upon selling a number of the boutiques to GQG in order to fund paying $10.50 cash.
GQG have said they aren't willing to do that & have ceased discussions with River Capital.
If River Capital can find the funding elsewhere to pay the $10.50 then it may proceed but as they didn't stump up the cash & then shop around the boutiques after completion that suggests to me they don't have access to the funding.
I'm just releaved that GQG have given up talking to River Capital & that's killed their bid, unless River Capital give up & agree to sell.to GQG.
Because it is reliant upon selling a number of the boutiques to...
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Last
$10.07 |
Change
0.070(0.70%) |
Mkt cap ! $519.3M | |||
| Open | High | Low | Value | Volume |
| $10.06 | $10.15 | $9.94 | $189.8K | 18.86K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 342 | $10.07 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.09 | 63 | 1 |
View Market Depth
| Last trade - 16.10pm 24/05/2024 (20 minute delay) ? |
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Last
$10.10 |
Change
0.070 ( 0.99 %) |
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| Open | High | Low | Volume | ||
| $10.19 | $10.19 | $9.95 | 10378 | ||
| Last updated 15.59pm 24/05/2024 ? | |||||
| PAC (ASX) Chart |