My understanding is if AMER want to take an initial position bigger than 19.9% in NTL they will need to get an exemption from the NZ Takeovers panel. After that if they increase their position to 90% through on market purchases they could compulsorily acquire the whole company if desired. (DYOR - This needs confirming)
In the current environment an offer valuing NTL between 50 and 100 million wouldn't make me fall off my seat with surprise... This would offer a 5-Disallowed return from the capital raise price..
Even if the deal isn't accepted it is going to create a lot of interest and a re rating from the current market cap which is sitting not that far above current cash holdings!!
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Last
2.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $8.830M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1000000 | 1.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.0¢ | 3103980 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1000000 | 0.011 |
1 | 50000 | 0.010 |
1 | 100000 | 0.009 |
1 | 120000 | 0.008 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.020 | 3103980 | 4 |
0.021 | 1000000 | 1 |
0.022 | 55000 | 2 |
0.023 | 5300 | 1 |
0.090 | 25000 | 1 |
Last trade - 16.12pm 12/07/2024 (20 minute delay) ? |
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