Todays ARQ announcement detailing that its stake in ADI had increased from 17.5M to 33.9M shares detailed that 7.65M were from a share placement(?????), while a further 8.75M were converted options ARQ now holds more than 30% of ADI. Will ARQ takeover ADI. ADI needs to get some announcements out about the future of its relationship with ARQ (hostile or friendly) and change in significant holdings.
what placement increased arq stakeholding
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$2.87 |
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Mkt cap ! $910.5M | |||
| Open | High | Low | Value | Volume |
| $2.87 | $2.90 | $2.86 | $122.1K | 42.47K |
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| No. | Vol. | Price($) |
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| 12 | 31185 | $2.87 |
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| Price($) | Vol. | No. |
|---|---|---|
| $2.88 | 9914 | 16 |
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| DXI (ASX) Chart |