1. Jackman has an anti-takeover plan, hence is hostile to the idea. Hostile management isn't a good start.
2. I reckon private equity would have long ago run their rulers over the books and decided that it's not worth the bother.
3. It would make sense to accumulate as many PAs as possible before bidding so as to minimise the premium payable (ELDPAs form part of the poison pill anti-takeover plan). To date, there has been insufficient evidence of PA accumulation volume in my mind.
4. Global credit markets are tightning serverely. I doubt anyone wants to take on more debt (i.e. Elders' debt) right now.
eld in the afr, page-8
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Last
$8.87 |
Change
0.095(1.08%) |
Mkt cap ! $1.401B | |||
| Open | High | Low | Value | Volume |
| $8.76 | $8.89 | $8.74 | $1.756M | 198.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 26 | 899 | $8.86 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.87 | 1275 | 10 |
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| Last trade - 15.44pm 07/11/2024 (20 minute delay) ? |
| ELD (ASX) Chart |