Further to the decision that came out this morning is that MGX did not get all it wanted. One of the things that they had asked fo was that the holding of Gasmetall and APAC be vested though ASIC for disposal by the way of a book build with instutions.
Why did they want this, simple because this would have put the idea of a takeover well in truely to bed, and they realise I believe that just a cancellation of the sale would leave them even more to further takeover problems in the future as they now have.
It was a big ask by MGX but one I am sure they were hoping for.
takeovers panel, page-8
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Last
28.0¢ |
Change
-0.015(5.08%) |
Mkt cap ! $341.1M | |||
| Open | High | Low | Value | Volume |
| 29.0¢ | 29.5¢ | 28.0¢ | $452.0K | 1.581M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 719630 | 28.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 29.0¢ | 32325 | 2 |
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| MGX (ASX) Chart |