"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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$3.52 |
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Mkt cap ! $2.287B |
Open | High | Low | Value | Volume |
$3.50 | $3.53 | $3.48 | $623.7K | 178.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
18 | 13174 | $3.51 |
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Price($) | Vol. | No. |
---|---|---|
$3.52 | 1971 | 3 |
View Market Depth
No. | Vol. | Price($) |
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16 | 13091 | 3.520 |
16 | 15178 | 3.510 |
15 | 19718 | 3.500 |
15 | 30598 | 3.490 |
11 | 44754 | 3.480 |
Price($) | Vol. | No. |
---|---|---|
3.530 | 4160 | 4 |
3.540 | 21545 | 12 |
3.550 | 36230 | 12 |
3.560 | 28353 | 8 |
3.570 | 7117 | 7 |
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