I doubt that is what is happening. But I guess JD taking a stake in A2M isn't out of the question given the previous interest way back then.
In a takeover the bidder usually makes an offer to acquire shares off-market for a price that is equivalent to the current SP + whatever % premium the bidder wants to pay. I think when China Mengniu tookover Bellamy's they paid ~60% premium. By contrast A2M is in way better shape than Bellamy's was financially.
To my knowledge the bidder needs to reach at least 90% ownership of all shares before they can compulsorily acquire the remainder and complete the acquisition. I think in some circumstances it can be accepted by a shareholder vote (quick) whereas in other cases it is more protracted reaching the 90% mark.
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Last
$6.68 |
Change
-0.020(0.30%) |
Mkt cap ! $4.829B |
Open | High | Low | Value | Volume |
$6.70 | $6.71 | $6.61 | $6.477M | 971.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 12782 | $6.68 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.69 | 15324 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 3790 | 6.600 |
1 | 600 | 6.580 |
2 | 3200 | 6.550 |
1 | 310 | 6.540 |
1 | 5000 | 6.510 |
Price($) | Vol. | No. |
---|---|---|
6.690 | 10324 | 3 |
6.700 | 10000 | 1 |
6.710 | 41811 | 3 |
6.740 | 20000 | 1 |
6.750 | 13300 | 3 |
Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
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