If all this is about is stopping Regal from getting 4% of GQG shares is seems like a poor decision.I can't see GQG selling the bits off for a premium to the price they'd have to pay.
The liquidated assets are unlikely to be sold at a premium to asset value held by PAC & they'll have to pay a premium on them to secure them.
Regal have already offered $10.77 vs NTA of $9.93 at the last BS date.
Ann: Indicative Non-Binding Proposal, page-8
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Last
$2.90 |
Change
0.050(1.75%) |
Mkt cap ! $8.564B | |||
| Open | High | Low | Value | Volume |
| $2.89 | $2.95 | $2.83 | $5.675M | 1.961M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 4761 | $2.88 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.91 | 4761 | 2 |
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| Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
| GQG (ASX) Chart |