The argument is that they get to convert their supposedly worthless BON shares into supposedly invaluable MAK shares. I can see the point but I don't agree that it is what the takeover is about. The MAK board clearly believe there is a significant long term strategic advantage in acquiring BON, that's all that matters. The 3 directors concerned stepped out of the process in terms of defining price which was actually done by an independant analyst commissioned by the independent MAK directors.
acceptances at 47.7% for bon, page-18
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Last
1.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $29.74M | |||
| Open | High | Low | Value | Volume |
| 1.1¢ | 1.2¢ | 1.1¢ | $17.37K | 1.560M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 110857 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.2¢ | 2332510 | 6 |
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| Last trade - 12.00pm 01/10/2024 (20 minute delay) ? |
| AEV (ASX) Chart |