"Bullseye, Hong Kong Xinhe International Investment Company Limited (Xinhe) and Au XingaoInvestment Pty Ltd (Au Xingao) and various other parties have reached a final settlement ofthe following matters (Settlement)"
"Following the completion of the Settlement it is anticipated that Xinhe, Au Xingao and theirrelated entities will collectively hold or control a total of 92,281,328 Bullseye Shares (18.20%)."
I think the above two quotes indirectly set an order for events. Although all sides have "reached a settlement", it is only on "completion of the settlement" that the chinese ultimately get the additional 22M shares for them to get a 18.2% holding. And by definition if they hold 18.2%, then none of their shares will have been swapped for EMR script. And for EMR to be in a position to acquire all their shares, the offer must be live.
I would have thought that settlement is only complete when the court cases are all formally finished, but who knows.
If the procedures around winding up all the cases drags on a bit and EMR doesn't feel comfortable issuing the new shares until the cases are wound up, it might require the share offer closing period to be extended.
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Last
$3.96 |
Change
-0.080(1.98%) |
Mkt cap ! $2.598B |
Open | High | Low | Value | Volume |
$3.89 | $4.00 | $3.85 | $4.120M | 1.043M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 27587 | $3.96 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.97 | 5751 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 18497 | 3.960 |
6 | 48151 | 3.950 |
5 | 50682 | 3.940 |
2 | 13863 | 3.930 |
2 | 1141 | 3.920 |
Price($) | Vol. | No. |
---|---|---|
3.970 | 1141 | 1 |
3.980 | 1141 | 1 |
3.990 | 51141 | 2 |
4.000 | 17290 | 5 |
4.010 | 35660 | 3 |
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