Just found this stock due to the price spike.
BATNA confused me for a moment.
https://www.investopedia.com/terms/b/best-alternative-to-a-negotiated-agreement-batna.asp
Best Alternative to a Negotiated Agreement (BATNA)
still making sense of the offer. Looks like an easy 15% gain left on the table at the current $8.195 trades.
What am I missing?
Will Telus do an Elon Musk and beat down the price during discovery?
or is there some drawn out process that will negate the gap left on the table?
"Following media reports today, Appen Limited (Appen, ASX: APX) announces that it has received an
unsolicited, conditional and non-binding indicative proposal from TELUS International (Telus) to
acquire, by way of a scheme of arrangement, 100% of the shares of Appen at an indicative cash offer
price of A$9.50 per share (the Indicative Proposal)."
idk much about takeover offers, some quick reading doesn't tell me why I shouldn't take 15% profit.
I vaugely recall the negative being potentially drawn out settlement period, even a failed takeover if the board becomes hostile.
https://www.copyright link/markets/equity-markets/how-to-make-money-from-takeovers-20110810-i4dtb
https://www.allens.com.au/globalassets/pdfs/sectors-services/ma/takeovers-handbook.pdf (actually looks good, 69 pages)
https://www.ashurst.com/en/news-and-insights/legal-updates/takeovers-in-australia/
https://www.minterellison.com/articles/summary-of-australian-takeover-laws
https://www.takeovers.gov.au/content/DisplayDoc.aspx?doc=panel_process/summary_of_takeover_provisions_in_australia.htm
Just found this stock due to the price spike. BATNA confused me...
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Last
$1.51 |
Change
0.010(0.67%) |
Mkt cap ! $331.2M | |||
| Open | High | Low | Value | Volume |
| $1.54 | $1.60 | $1.46 | $26.84M | 17.43M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 3617 | $1.51 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.52 | 28113 | 7 |
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| Last trade - 15.10pm 13/09/2024 (20 minute delay) ? |
| APX (ASX) Chart |