Prepare for "oppression of minorities".Section 4.3 of the SPA covenants STAM/Sandon and associates not to purchase or otherwise deal in APW shares for 5 years. I.e. their combined blocking stake is now in the hands of Wang friendlies and the implication is not to expect a bid will be forthcoming anytime soon.
To add a bit of insult to injury, the broker (App Securities) is also a related party of Wang.
EssentiallyEssentially they've paid a low price to get rid of agitation risk and further cement excess control. If I were on the Takeovers Panel, my eyebrow would be raised to hairline level.
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$1.70 |
Change
0.000(0.00%) |
Mkt cap ! $75.68M |
Open | High | Low | Value | Volume |
$1.70 | $1.70 | $1.70 | $340 | 200 |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 1260 | $1.70 |
Sellers (Offers)
Price($) | Vol. | No. |
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$1.75 | 7058 | 3 |
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No. | Vol. | Price($) |
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1 | 1260 | 1.700 |
1 | 2525 | 1.505 |
1 | 12000 | 1.500 |
1 | 2000 | 1.140 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
1.750 | 7058 | 3 |
0.000 | 0 | 0 |
0.000 | 0 | 0 |
0.000 | 0 | 0 |
0.000 | 0 | 0 |
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