From the NXS response looks like NXS see this as shaping up as another Streitberg steal.
I suppose ARQ, AZA or AEL could up the ante and take their stake in NXS up to 20% to put a bit more pressure on NXS.
If NXS get to 20% in AZA on market getting to 75% (53% already in the bag) for the scheme of arrangement requires another 22% of the loose 29%. 22 oo 29 not much more difficult than 75% from scratch. I suspect most insto's will come round for ARQ.
EL
arc energy to offer 1.175 shares for each anzo, page-5
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Last
14.5¢ |
Change
-0.003(1.69%) |
Mkt cap ! $44.26M | |||
| Open | High | Low | Value | Volume |
| 14.8¢ | 14.8¢ | 14.5¢ | $2.229K | 15.14K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 1434117 | 14.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.0¢ | 2064480 | 32 |
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| Last trade - 15.37pm 11/10/2024 (20 minute delay) ? |
| 5GN (ASX) Chart |