It is a good question neellyn,
My guess is there is concern the 10% condition may be activated and the whole thing will fall through.
The market have hit WES because the deal is so huge and there is concern that WES can manage to not just turn around CGJ but adjust to its new shareholder base.
Those nerves multiply on the CGJ price as the consequences of a pull-out of the deal on CGJ are dire.
Just my thoughts
- Forums
- ASX - By Stock
- CGJ
- why the big discount to the offer value
CGJ
coles group limited
why the big discount to the offer value, page-3
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)