The issue of a takeover is that this is essentially a binary proposition: it's either a game changing success or a complete failure.
If the former it will be worth squillions, if the latter, completely worthless. There's no world where FBR has a place but not a very big one. Once CRH have decided they want 300 Hx then they will soon decide they want 1000 Hx.
So how do you price a takeover in such a circumstance? If you're CRH and you're pretty sure it's going to be worth squillions then any takeover offer means you've signalled to the market (both incumbent holders and competing buyers) that it's a winner. You're not going to be able to offer 1 per cent of squillions you'll need to offer 20-30% of squillions - maybe 10-20% if they think FBR holders are impatient.
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Last
5.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $235.4M |
Open | High | Low | Value | Volume |
5.3¢ | 5.6¢ | 5.1¢ | $922.1K | 17.41M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 6423 | 5.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.3¢ | 613170 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 6423 | 0.052 |
1 | 18627 | 0.051 |
12 | 1524260 | 0.050 |
4 | 585431 | 0.049 |
6 | 621132 | 0.048 |
Price($) | Vol. | No. |
---|---|---|
0.053 | 613170 | 2 |
0.054 | 900673 | 5 |
0.055 | 1361988 | 6 |
0.056 | 605000 | 2 |
0.057 | 1838880 | 3 |
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