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
$7.21 |
Change
0.070(0.98%) |
Mkt cap ! $5.143B |
Open | High | Low | Value | Volume |
$7.16 | $7.22 | $7.07 | $11.18M | 1.570M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
21 | 6370 | $7.20 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$7.21 | 2754 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
21 | 6522 | 7.200 |
14 | 11487 | 7.190 |
13 | 15083 | 7.180 |
13 | 28423 | 7.170 |
12 | 33203 | 7.160 |
Price($) | Vol. | No. |
---|---|---|
7.210 | 4036 | 10 |
7.220 | 30432 | 28 |
7.230 | 29798 | 18 |
7.240 | 50794 | 21 |
7.250 | 133317 | 41 |
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