Seven & I Holdings won the auction.
Ampol and a US PE firm were the underbidders.
I'm sure Ampol would have turned it into a good acquisition, but it would be a big distraction and would have caused risks around the ACCC.
Frees up a lot of cash for future dividends.
Congrats to the Ampol management team for taking a look, but also knowing when to pull back from a bid. That's not an easy skill.
I'd expect a slight relief rally, but it would have probably dropped if they did buy it.
7-11
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Last
$33.76 |
Change
0.190(0.57%) |
Mkt cap ! $7.999B | |||
| Open | High | Low | Value | Volume |
| $33.50 | $33.79 | $33.50 | $2.544M | 75.59K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 95 | $33.75 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $33.77 | 50 | 3 |
View Market Depth
| Last trade - 10.22am 13/06/2024 (20 minute delay) ? |
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Last
$33.69 |
Change
0.190 ( 0.22 %) |
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| Open | High | Low | Volume | ||
| $33.61 | $33.79 | $33.56 | 15034 | ||
| Last updated 10.40am 13/06/2024 ? | |||||
| ALD (ASX) Chart |