EDF pulling the plug.
I really can't see how this is a better result for them if PDN goes into administration when a potential resolution is within 7-8 weeks.
Negotiating tactic? Michelin + cash after the sale? They've got PDN over a barrel so I guess they can ask for whatever they want within reason...
If it goes to the administrators - where will EDF be in line to get their $$$ back?
Ann: EDF Demand / Bondholder Support, page-2
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Last
$10.40 |
Change
-1.260(10.8%) |
Mkt cap ! $3.109B | |||
| Open | High | Low | Value | Volume |
| $10.77 | $10.77 | $10.15 | $58.97M | 5.696M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1000 | $10.37 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.40 | 2536 | 2 |
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| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| PDN (ASX) Chart |