I was interested in this also. It led me to have a read of the VLA acquisition agreement which seemed a rather standard form takeover contract.
in it there are clauses to the net amount of head shares and options and payouts for each are relative to their obligation, meaning heads just get the full amount as there is no conversion obviously, and options receive the full amount minus the conversion price.
this ensures simplicity for the acquirer of the company and shareholders alike. Less money flying around.
Thoughts on IMUOD?, page-34
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Last
4.1¢ |
Change
-0.003(6.82%) |
Mkt cap ! $304.9M | |||
| Open | High | Low | Value | Volume |
| 4.3¢ | 4.4¢ | 4.1¢ | $1.607M | 38.52M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 23 | 4542680 | 4.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.3¢ | 1675759 | 9 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| IMU (ASX) Chart |