Media Updates, page-14057

I hope A2M put in a bid to T/O SM1 and take advantage of the current Synlait financial situation - it makes sense in the scheme of things as it would certainly streamline operations / give them full autonomy...


..... there are currently 218,581,661 Synlait SOI and A2M own circa 20% of them leaving approximately 174,865.328 shares that would need to be acquired in the process.


A number of scenarios could unfold in an A2M acquisition of Synlait if Bright Dairy were amenable to it - here's my musings.


Stock Swap - One scenario could see A2M offer (say) 1 x A2M share for 5 x SM1 shares, which would only add circa 35 million shares to the A2M register (basically 1.5 times what shares they acquired in the BB) .... then A2M could reduce the SM1 debt by (say) $250 million and get on with it ?


Would Bright Dairy support this offer ? Would they even want a shareholding in A2M ? Who knows ? Happy for others to put forward some ideas as to what they think could also work in an A2M acquisition of Synlait because as the article I posted earlier suggests, something has to be done soon .... GLTAH