What are the benefits for TWD shareholders from the acquisition of a unprofitable company in a different business?
From Market Index website:
AstiVita Limited (AIR, formerly Astivita Renewables Limited) is an importer and distributor of kitchen appliances, sanitary-ware, bathroom products, solar hot water and photovoltaic systems into the Australian market. AstiVita Limited has established strategic partnerships with Quality manufacturers across a full range of AstiVita products from Europe and Asia.
Ann: Intention to Make Takeover Bid, page-3
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Last
$2.81 |
Change
-0.070(2.43%) |
Mkt cap ! $105.9M | |||
| Open | High | Low | Value | Volume |
| $2.81 | $2.81 | $2.80 | $6.193K | 2.204K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2969 | $2.80 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.81 | 3340 | 1 |
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| Last trade - 15.35pm 26/07/2024 (20 minute delay) ? |
| TWD (ASX) Chart |