ECX
"Eclipx Group dropped 4.4 per cent after declaring it had terminated takeover talks with McMillan Shakespeare and agreed to reimburse McMillan $8 million for the cost of the abandoned merger. "
A reading of this suggests a new offer/s is ready to go very shortly, and ECX has removed the MMS obstacle by covering their costs of 4-5 months of merger progression works.
If you read it that way, then its quite positive.
Ann: Mutual Scheme Implementation Agreement Termination, page-90
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$3.08 |
Change
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Mkt cap ! $737.0M | |||
| Open | High | Low | Value | Volume |
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Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1147 | $3.08 |
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| Price($) | Vol. | No. |
|---|---|---|
| $3.10 | 35 | 1 |
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