The way I see it, Teoh is sending a strong signal to Spencely to cool his jets. Teoh is effectively saying, if you offer shares, we'll match your bid with shares/cash OR cash, making our proposal superior.
One company has free cash flow of $200+ million, the other ~$20 million. Who's going to win the financing battle? Seems pretty simple to me. There's no takeover, but if Vocus insist TPG will outbid them.
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Change
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Mkt cap ! $3.12M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 200000 | 1.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.5¢ | 55462 | 1 |
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