I am not sure that this new offer is strange. The preferred value of the company in the draft IER was 20.7c. This changed to 20.8c in the final IER. It is therefore not necessarily in response to a counteroffer that Pfizer upped its offer; it could have been that they had seen which way the no vote was going.
In any event, in terms of Clause 11.5 of the scheme deed, Pfizer need only match, not exceed, any competing offer.
- Forums
- ASX - By Stock
- RAP
- Is this the start of the auction?
Is this the start of the auction?, page-2
Currently unlisted. Proposed listing date: 4 SEPTEMBER 2024 #
-
- There are more pages in this discussion • 59 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add RAP (ASX) to my watchlist
The Watchlist
UNT
UNITH LTD
Idan Schmorak, CEO
Idan Schmorak
CEO
Previous Video
Next Video
SPONSORED BY The Market Online