The argument is that they get to convert their supposedly worthless BON shares into supposedly invaluable MAK shares. I can see the point but I don't agree that it is what the takeover is about. The MAK board clearly believe there is a significant long term strategic advantage in acquiring BON, that's all that matters. The 3 directors concerned stepped out of the process in terms of defining price which was actually done by an independant analyst commissioned by the independent MAK directors.
acceptances at 47.7% for bon, page-18
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1.3¢ |
Change
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Mkt cap ! $35.15M | |||
| Open | High | Low | Value | Volume |
| 1.2¢ | 1.4¢ | 1.2¢ | $98.18K | 7.781M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1937638 | 1.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.4¢ | 3834125 | 4 |
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