Greg, youre missing one variable for each of the companies
Value a couple of weeks prior to T/O offer.
SDL was valued very close to the T/O offer where as BMN was in the 20's before the hanlong reps started playing with the price.
BMN's capital structure wont be condusive to selling 100% @ 62c IMO, and so the market is taking that risk into account.
62c takeover, page-11
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Last
$2.74 |
Change
0.010(0.37%) |
Mkt cap ! $481.6M | |||
| Open | High | Low | Value | Volume |
| $2.73 | $2.80 | $2.70 | $1.473M | 534.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 416 | $2.73 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.81 | 2500 | 1 |
View Market Depth
| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| BMN (ASX) Chart |