AIO 0.00% $9.13 asciano limited

1.2 billion to non shareholders, page-20

  1. 3,337 Posts.
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    sirjohnyboy

    there is no no dumping condition attached, it is extremely rare for stock to be put into escrow, typically directors and cornerstone investors only. Sophisticated and insto investers have no conditions.

    Many traders will sell and it is standard that a placement or issue of any type pushes the price down towards the issue price. the catch in recent times is that due to the fact that stocks are nearly priced for failure there is a reduction in the risk premium by such a large amount that the stocks rally

    the placement is dependent on a s/h vote but i think you will find that if it is not allowed that the rest of the deal will fall through. IMO only

    DYOR
 
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