All good but are you aware you can get more for less by buying TMT instead and then getting 12 AVL shares per TMT share upon merging?
It’s a genuine question because the market is not behaving how one would expect and I’m trying to gather some insight into why.
I would expect a bit of a difference between the equivalent prices to account for the unknown but leaving 31% on the table is quite strange.
Definitely expected the gap to close up a bit by now.
Ann: AVL and TMT agree A$217 million Merger, page-19
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Last
1.6¢ |
Change
-0.001(5.88%) |
Mkt cap ! $137.8M | |||
| Open | High | Low | Value | Volume |
| 1.7¢ | 1.7¢ | 1.6¢ | $111.7K | 6.944M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 40 | 17087735 | 1.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.7¢ | 12994517 | 46 |
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| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| AVL (ASX) Chart |