I think you calculation is not correct. "To receive $35 per share you need RAC to be cracking a bit over $U12 billion (taking dilution into account). "
I count roughly 200 million shares for sake of simplicity (currently is around 170 million)- could be more if there will be more dilution- and USD12 billion AUSD17.7 billion which is around AU$88.50 per share.
Speculative M&A Transaction Analysis, page-832
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Last
$1.68 |
Change
0.020(1.20%) |
Mkt cap ! $286.2M | |||
| Open | High | Low | Value | Volume |
| $1.68 | $1.68 | $1.61 | $177.8K | 108.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1100 | $1.64 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.68 | 4999 | 1 |
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| Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
| RAC (ASX) Chart |