There doesn't need to be an explanation yet. The price and the announcement implies that it's an income producing asset. Getting the money is the easy part if they're paying a reasonable price. From the share price action since the announcement, it seems that many are assuming new shares will be issued to raise part of the money.
Ann: Anteo to acquire Global Diagnostics Company - DIAsource, page-121
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Last
2.2¢ |
Change
-0.002(8.33%) |
Mkt cap ! $54.31M | |||
| Open | High | Low | Value | Volume |
| 2.4¢ | 2.4¢ | 2.2¢ | $12.59K | 542.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 487271 | 2.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.3¢ | 200000 | 1 |
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| ADO (ASX) Chart |