My gut feel is MYG/DRM would have been looking for a 10:1 deal and a couple of fluffed up jobs for MYG management. I base this on a 40% premium to the last 5 days trading in MYG shares making them valued around 5c for the merger.
The share price run up probably threw a spanner in the works, maybe even sunk the deal.
Time will tell
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Last
$1.25 |
Change
-0.040(3.11%) |
Mkt cap ! $116.1M | |||
| Open | High | Low | Value | Volume |
| $1.28 | $1.29 | $1.25 | $29.41K | 23.34K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 40 | $1.20 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.25 | 3504 | 1 |
View Market Depth
| Last trade - 16.10pm 07/08/2025 (20 minute delay) ? |
| MYG (ASX) Chart |