Australia's largest stock trading and investment forum Australia's #1 stock forum

RAP

0.00%

20.5¢ raptor resources limited

Ann: Medgate extends licence agreement and plans to expand use, page-66

Currently unlisted. Proposed listing date: 4 SEPTEMBER 2024 #

First 66 Last

Share
Profile

Follow
jcurve

4,148 Posts.

1432

07/07/22

21:41

Post #: 62430337
Share

Originally posted by TerribleTadpole ↑

"take the $3mil or whatever from Physer" - in my opinion, almost certainly yes. I suspect the directors thought they could grab the cash in return for for allowing Pfizer to make a bid, and trusting the shareholders to knock the deal back on the price. But I also suspect that Pfizer headed them off at the pass with all those clauses requiring the their complete, unreserved, unanimous support of the deal. I don't think they would have expected to be stitched up so tightly.

Then... when the independent expert's report came out I think the directors saw an opportunity to prove their technology in a blaze of global attention with the data confirmation study. Again, that didn't quite go as planned. Leaving all of us in anguish over the extended delay.

Now with the last two announcements I expect an upwardly revised independent expert's report to be released in the next few days.

And when it is, I fervently hope that the board seize the moment to withdraw their support for the deal and bring the takeover to an end. Then the company can move forward again without the shadow of the behemoth looming over it...

Expand

It''s the Scheme of Arrangement that requires the BOD's blessing.
Without it they'd have to go the takeover route which is less often successful.

https://content.allens.com.au/the-allens-handbook-on-takeovers-in-australia/transaction-structures/

An off-market takeover bid can be used for either a friendly or hostile deal, whereas a scheme of arrangement and trust scheme can only be used in a friendly deal. A friendly deal is one that has the support of the target’s board of directors

Expand

RAP Price at posting: 13.0¢ Sentiment: Hold Disclosure: Held
6 Upvote

0 Great analysis

Reply

Top Stories

STK

5.6g/t gold intercept at Serbia's Rogozna supports Strickland's hopes for high-grade core

COD

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

The winners & losers on market if negative gearing were gone

DEG

HotCopper users muse on De Grey's denial of Agnico Eagle takeover bid – but who are Agnico?

NAM

ACCC seeks Olam divestments before its acquisition of Namoi Cotton can go ahead

ACW

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

4DX

4DMedical lands Philips US reseller deal with eye to Veterans Affairs' market post-lung damage

ESR

Estrella first foreign entity to win tenements in Timor-Leste under new laws ahead of 2025 tenders

ZER

Zeta Resources seeks to resolve the Panoramic takeover story

The market's shrugged at China's stimulus measures all year. Why is this one different?

There are more pages in this discussion • 86 more messages in this thread...

First 66 Last

Add RAP (ASX) to my watchlist

Ann: Medgate extends licence agreement and plans to expand use, page-66

Top Stories

5.6g/t gold intercept at Serbia's Rogozna supports Strickland's hopes for high-grade core

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

The winners & losers on market if negative gearing were gone

HotCopper users muse on De Grey's denial of Agnico Eagle takeover bid – but who are Agnico?

ACCC seeks Olam divestments before its acquisition of Namoi Cotton can go ahead

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

4DMedical lands Philips US reseller deal with eye to Veterans Affairs' market post-lung damage

Estrella first foreign entity to win tenements in Timor-Leste under new laws ahead of 2025 tenders

Zeta Resources seeks to resolve the Panoramic takeover story

The market's shrugged at China's stimulus measures all year. Why is this one different?

Featured News