Good to see UBS have bought into Volante to ward off the lowball bid from Commander. There are now 3 substantial shareholders to block the take over or at least greenmail a higher price.
If CDR are serious (and VGL were too), they would agree on somewhere between $1.15-$1.25 and wrap this thing up.
Macquarie are advising VGL and it must be a pretty easy job. All you do is keep quiet. They mustn't be incentivissed very well to extract a higher bid.
new substantial shareholder
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Last
$2.21 |
Change
0.000(0.00%) |
Mkt cap ! $525.2M | |||
| Open | High | Low | Value | Volume |
| $2.16 | $2.21 | $2.15 | $35.69K | 16.26K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5127 | $2.02 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.21 | 6920 | 1 |
View Market Depth
| Last trade - 16.10pm 31/07/2024 (20 minute delay) ? |
| VGL (ASX) Chart |