My understanding is even if the MMS offer goes ahead shareholders still have to approve it, I also believe any scheme offer is independently reviewed to ensure it is in the best interest of shareholders.
I wouldn't be surprised if the delay is no longer related to MMS reconsidering but rather our board can no longer recommend it so effectively MMS may have shot themselves in the foot, or others have now expressed interest.
The sad thing is once the announcement comes out that the merger is off our SP will dip even though it has priced it in already plus more. I for one will be buying more if we dip on the back of a 'no longer proceeding' announcement.
My understanding is even if the MMS offer goes ahead...
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Last
$3.58 |
Change
0.080(2.29%) |
Mkt cap ! $872.7M | |||
| Open | High | Low | Value | Volume |
| $3.59 | $3.60 | $3.55 | $1.000M | 279.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 482 | $3.57 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.58 | 2318 | 1 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| FPR (ASX) Chart |