It is consistent with their broader "take other people's franking credits" strategy (see concurrent amaysim takeover offer).
Also CLF is invested in large ASX companies, so should be easy to liquidate and reinvest in shares that WAM are currently holding.
Ann: CLF: IBC Recommends Acceptance of Improved Takeover Offer, page-4
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Last
$1.51 |
Change
0.010(0.67%) |
Mkt cap ! $1.690B | |||
| Open | High | Low | Value | Volume |
| $1.50 | $1.51 | $1.50 | $1.454M | 967.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 6167 | $1.50 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.51 | 407345 | 16 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| WAM (ASX) Chart |