Can someone please advise me how MLX can do a hostile takeover of ABY given this extract from ABY's recent Q.
""Copper concentrates produced from its Nifty copper mine are shipped to Hindalco Industries Limited’s (Hindalco) copper smelter in India. Hindalco is a member of the Aditya Birla Group, one of India’s largest industrial conglomerates.
Hindalco has a 51% shareholding in ABY and is Asia’s largest integrated aluminium producer and growing copper producer.""
Hindalco would have to be involved in the deal - maybe they are strapped for cash, or is there something I don't know??
Thanks.
Ann: ABY Takeover Offer Unconditional, page-7
Add MLX (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
43.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $394.2M | |||
| Open | High | Low | Value | Volume |
| 43.0¢ | 43.5¢ | 42.8¢ | $148.0K | 343.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 4193 | 43.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 43.5¢ | 194595 | 19 |
View Market Depth
| Last trade - 12.38pm 05/07/2024 (20 minute delay) ? |
| MLX (ASX) Chart |