As far as my understanding goes, they are essentially two separate transactions. As I have learnt many times before in life, nothing is certain until it has happened. I went through the STX/TPD scheme contract the other day, and either side can walk away but will need to pay a break fee that is equivalent to all the costs incurred relevant to the transactions in the absence of a superior offer for TPD. In other words, if someone else places what is deemed to be a better offer, then either side can walk away for free.
So, it all comes down to what the potential STX suitor wants, and what STX is willing to accept. If the suitor doesn't want TPD and offers a price with the condition that the STX walks away from TPD, then it is up to STX whether it will accept it or not. In some of the past M&A deals, the target companies had gone out and done some deals commonly known as a poison pill as a defensive strategy.
618
- Forums
- ASX - By Stock
- STX
- Ann: Talon acquisition update
Ann: Talon acquisition update, page-136
-
- There are more pages in this discussion • 88 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 STX (ASX) to my watchlist
(20min delay)
|
|||||
Last
21.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $601.7M |
Open | High | Low | Value | Volume |
21.0¢ | 21.5¢ | 20.5¢ | $1.313M | 6.260M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
11 | 592504 | 21.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
21.5¢ | 748432 | 9 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
10 | 582322 | 0.210 |
22 | 1512044 | 0.205 |
28 | 880972 | 0.200 |
15 | 964889 | 0.195 |
29 | 1196918 | 0.190 |
Price($) | Vol. | No. |
---|---|---|
0.215 | 683524 | 7 |
0.220 | 796374 | 9 |
0.225 | 948630 | 8 |
0.230 | 684332 | 9 |
0.235 | 1730960 | 19 |
Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
Featured News
STX (ASX) Chart |