Well the share price is saying the merger it isn't going to happen.
The current price of $1.90 implies a MMS price of about $10.20 ($0.46 plus 0.1414 x $10.20 = $1.90). MMS is currently $12.30
Alternatively perhaps a reviewed price of $0.46 cash plus 0.12 shares in MMS for each ECX share held = 0.46 + $1.47 at MMS = $12.30. Or even 0.1414 MMS @$12.30 plus only $0.16 cash.
It's pointless working through the various possibilities for a new proposal but the point is that it looks like no one believes the original one will stand.
Ann: CEO/MD's AGM Address to Shareholders, page-5
-
- There are more pages in this discussion • 13 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add FPR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$3.17 |
Change
-0.010(0.31%) |
Mkt cap ! $758.6M | |||
| Open | High | Low | Value | Volume |
| $3.16 | $3.19 | $3.15 | $841.6K | 265.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 3623 | $3.17 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.18 | 125 | 1 |
View Market Depth
| Last trade - 16.10pm 27/08/2024 (20 minute delay) ? |
| FPR (ASX) Chart |