Why doesn't Farallon buy on market?
Nathan Tinkler has sold about half his stake in Whitehaven Coal to US investment firm Farallon Funds.
The former billionaire sold - through his Aston Resources Investments and Boardwalk Resources Investments - 101 million Whitehaven shares, or 9.91 per cent, to Farallon Funds.
The shares were sold at $2.96 each, according to a statement to the ASX this morning. That's a premium of nearly 40 per cent to yesterday's closing price of $2.11.
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Farallon said in a statement that it "believes the current market price of Whitehaven shares does not reflect the value of the company".
SMH
Ann: Change in substantial holding , page-2
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Last
$7.18 |
Change
-0.070(0.97%) |
Mkt cap ! $6.006B | |||
| Open | High | Low | Value | Volume |
| $7.20 | $7.47 | $6.99 | $54.24M | 7.477M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 4284 | $7.17 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.18 | 70069 | 5 |
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