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20.5¢ resapp health limited

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Chuckybee

716 Posts.

194

04/08/22

07:06

Post #: 62911432
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Originally posted by Portsmouth ↑

As some posters have already pointed out, the new Pfizer offer of 20.8 is 0.1 more than previous offer.
this is not only odd, but could well be significant- I think it highly likely that a counter offer of 20.8 had either been received officially ( but more likely unofficially) by another party. Testing Pfizer's resolve I suspect.
if as I believe this is what is happening, then it maybe a different structure - ie not a 'scheme'

and if there is another player involved, we can be assured that there are probably other suitors waiting in the wings

the next couple of weeks will be very interesting

as my post a couple of months ago, my algorithms showed that 24.5c would be the number to get to the conditions precedent - of course other players in the game will blow this prediction out of the water

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I am not sure that this new offer is strange. The preferred value of the company in the draft IER was 20.7c. This changed to 20.8c in the final IER. It is therefore not necessarily in response to a counteroffer that Pfizer upped its offer; it could have been that they had seen which way the no vote was going.

In any event, in terms of Clause 11.5 of the scheme deed, Pfizer need only match, not exceed, any competing offer.

RAP Price at posting: 18.0¢ Sentiment: Hold Disclosure: Held
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