It’s 1 PPS share for every two PWL shares and 7.5 cents in cash. Still a large premium to the last traded price though and a generous offer.
PPS must see real value. They’re paying essentially $50 mill for $15 mill cash and an additional $8 billion FUM. An interesting acquisition that will hopefully drive long term value creation and a short term re-rate to PPS valuation in line with other platforms - would love for someone with more knowledge to weigh in.
Ann: Recommended off-market takeover offer by PPS for PWL, page-3
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Last
64.0¢ |
Change
-0.025(3.76%) |
Mkt cap ! $307.4M | |||
| Open | High | Low | Value | Volume |
| 66.0¢ | 66.0¢ | 64.0¢ | $334.9K | 516.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 92404 | 64.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 65.5¢ | 4666 | 1 |
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| Last trade - 16.10pm 04/11/2024 (20 minute delay) ? |
| PPS (ASX) Chart |