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.
Seven & I Holdings won the auction.Ampol and a US PE firm were...
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Last
$33.23 |
Change
-0.340(1.01%) |
Mkt cap ! $7.918B | |||
| Open | High | Low | Value | Volume |
| $33.50 | $33.79 | $33.19 | $35.25M | 1.057M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 3000 | $33.18 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $33.24 | 301 | 1 |
View Market Depth
| Last trade - 16.10pm 13/06/2024 (20 minute delay) ? |
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Last
$33.27 |
Change
-0.340 ( 1.47 %) |
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| Open | High | Low | Volume | ||
| $33.61 | $33.79 | $33.20 | 116187 | ||
| Last updated 15.59pm 13/06/2024 ? | |||||
| ALD (ASX) Chart |