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Health insurance company NIB Holdings Ltd (ASX:NHF) has written an open letter to members of takeover target GMHBA, criticising the Geelong-based insurer's refusal to give its members a vote on the merger.
NIB is hoping that pressure from members will force the directors of GMHBA to reconsider an increased takeover offer of $180 million.
In October, NIB made a $140 million offer, which was promptly rejected by GMHBA's board.
For the year ended 30 June 2010, NIB reported a net profit of $61.5 million.
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Last
$7.31 |
Change
0.000(0.00%) |
Mkt cap ! $3.560B | |||
| Open | High | Low | Value | Volume |
| $7.32 | $7.37 | $7.28 | $4.599M | 628.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2993 | $7.27 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.35 | 51434 | 4 |
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| Last trade - 16.10pm 23/07/2025 (20 minute delay) ? |
| NHF (ASX) Chart |