RG’s $0.84 bid for PACT appears like it will be unsuccessful from a takeover point of view
However RG has managed to buy about another 37% of shares at bargain basement price which he wouldn’t have been able to do otherwise so from this perspective it’s been a great success. Maybe this was his primary intention all along
I think RG will just leave the $0.84 bid run until it must expire in September and try and acquire as many shares at $0.84 as he can
After the compulsory 6 month wait following expiry of the offer I wonder what he will do?
If RG makes a new takeover offer the bid price he will have to negotiate with the larger holders will likely be huge if he has any hope of them accepting. I don’t think RG has much of a history of making generous offers
I’m wondering if there is any alternate way that RG can take over PACT without making a generous takeover bid? If RG just buys shares at market price under the 3% per 6 month creep rule can he achieve compulsory acquisition of PACT in this way?
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Last
79.0¢ |
Change
0.010(1.28%) |
Mkt cap ! $271.9M |
Open | High | Low | Value | Volume |
80.0¢ | 80.0¢ | 78.5¢ | $9.228K | 11.64K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1027 | 79.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
79.5¢ | 357 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1027 | 0.790 |
1 | 1457 | 0.785 |
1 | 593 | 0.780 |
2 | 10700 | 0.765 |
1 | 6266 | 0.750 |
Price($) | Vol. | No. |
---|---|---|
0.795 | 357 | 2 |
0.825 | 9979 | 1 |
0.835 | 7860 | 1 |
0.840 | 56788 | 2 |
0.845 | 7708 | 2 |
Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
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