The issue of a takeover is that this is essentially a binary proposition: it's either a game changing success or a complete failure.
If the former it will be worth squillions, if the latter, completely worthless. There's no world where FBR has a place but not a very big one. Once CRH have decided they want 300 Hx then they will soon decide they want 1000 Hx.
So how do you price a takeover in such a circumstance? If you're CRH and you're pretty sure it's going to be worth squillions then any takeover offer means you've signalled to the market (both incumbent holders and competing buyers) that it's a winner. You're not going to be able to offer 1 per cent of squillions you'll need to offer 20-30% of squillions - maybe 10-20% if they think FBR holders are impatient.
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Last
4.1¢ |
Change
0.002(5.13%) |
Mkt cap ! $196.4M |
Open | High | Low | Value | Volume |
4.0¢ | 4.1¢ | 4.0¢ | $409.0K | 10.18M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 39116 | 4.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.1¢ | 1067091 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 39116 | 0.040 |
5 | 406205 | 0.039 |
12 | 1126768 | 0.038 |
8 | 621350 | 0.037 |
8 | 2500435 | 0.036 |
Price($) | Vol. | No. |
---|---|---|
0.041 | 1067091 | 8 |
0.042 | 852799 | 5 |
0.043 | 595730 | 5 |
0.044 | 253965 | 4 |
0.045 | 841899 | 8 |
Last trade - 16.10pm 02/09/2024 (20 minute delay) ? |
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