It looks like Alceon sold out. Interesting in the context of what they said below. Did someone offer them more than 3.20?
Alceon statement of intention Alceon, through NKT Investments Pty Ltd, has a relevant interest in and control of the voting in respect of 11,739,083 stapled securities of Think Childcare Group, representing 19.21% of the stapled securities of Think Childcare Group on issue (Alceon Parcel). Upon receipt of the Further Revised Busy Bees Proposal, the Independent Board Committee canvassed the views of Alceon in order to ascertain its level of support for the Further Revised Busy Bees Proposal, in the context where the Independent Board Committee would not be prepared to recommend any proposal which will ultimately fail and result in considerable costs (including distraction of senior management) and expense being incurred by the Group if the Revised Busy Bees Proposal were to be presented to the Independent Securityholders. The Independent Board Committee has received correspondence from Alceon that it is supportive of the Further Revised Busy Bees Proposal and that it intends to vote the Alceon Parcel in favour of the Further Revised Busy Bees Proposal at the scheme meetings for the Further Revised Busy Bees Proposal, in the absence of the Independent Board Committee recommending a superior proposal and subject to an independent expert concluding (and continue to conclude) that the Further Revised Busy Bees Proposal is in the best interests of the Independent Securityholders of Think Childcare Group.
TNK Price at posting:
$3.11 Sentiment: None Disclosure: Held