Expect ACL to lower their offer given such widening of share price between HLS and ACL.
Major institutional share holders Perpetual and Tanarra average buy price would be north of $3.50 even with this take up of rights.
At the current pricing levels, implied takeover premium of 1 HLS share to 0.78 ACL share means at premium of 70%....
For the average ACL shareholders would be annoyed if bid is not lowered reflect new reality.
Ann: Completion of Institutional Entitlement Offer, page-12
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Last
$1.69 |
Change
0.020(1.20%) |
Mkt cap ! $1.227B | |||
| Open | High | Low | Value | Volume |
| $1.69 | $1.72 | $1.67 | $7.213M | 4.306M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 79957 | $1.67 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.69 | 5781 | 1 |
View Market Depth
| Last trade - 16.10pm 18/09/2024 (20 minute delay) ? |
| HLS (ASX) Chart |