EIG needs to up offer to met the market or piss off. A hostile offer will now lock them into minority until they get to 90%.
Challanging a major shareholder through the press is STUPID IMO.
At least a hostile bid will bring in other parties and allow EIG to save face.
All holders can now hold, take hostile offer or SoA if the vote gets up?
Ann: Consortium increases cash consideration to $9.53 per share, page-141
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$10.48 |
Change
-0.160(1.50%) |
Mkt cap ! $18.05B | |||
| Open | High | Low | Value | Volume |
| $10.64 | $10.65 | $10.48 | $24.89M | 2.367M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 33365 | $10.47 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.48 | 166110 | 3 |
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| ORG (ASX) Chart |