I haven’t seen any indication on how Skip intends to vote, but agree unless they support the Scheme of Arrangement that it is dead in the water. No doubt J-Power has tried (and to date failed) to get Skip to agree to the 27.5 cos on offer. The back up takeover offer stands a good chance of getting to 50.1% acceptance without Skip, which would require Skip to be happy to stay in as a minority shareholder.
Another scenario is not beyond the realms of possibility, namely that Skip joins in with J-Power and that they can convince 75% of non J-Power and Skip shareholders to agree to the scheme which means they end up with 100% ownership between them. Once votes start rolling in and J-Power can read the tea leaves, expect the J-Power/Skip behind the scenes negotiations to begin in earnest. Skip probably holding out to maximise their bargaining position with J-Power.
- Forums
- ASX - By Stock
- GNX
- Ann: J-POWER receives FIRB approval for acquisition of Genex
Ann: J-POWER receives FIRB approval for acquisition of Genex, page-12
-
-
- There are more pages in this discussion • 21 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add GNX (ASX) to my watchlist
(20min delay)
|
|||||
Last
27.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $373.9M |
Open | High | Low | Value | Volume |
27.0¢ | 27.3¢ | 27.0¢ | $89.56K | 331.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
9 | 8221759 | 27.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
27.5¢ | 4661051 | 44 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 6721759 | 0.270 |
29 | 14220538 | 0.265 |
2 | 6600 | 0.260 |
1 | 40000 | 0.255 |
1 | 10000 | 0.250 |
Price($) | Vol. | No. |
---|---|---|
0.275 | 4438551 | 41 |
0.280 | 2084088 | 11 |
0.285 | 89065 | 3 |
0.290 | 31940 | 4 |
0.295 | 124962 | 2 |
Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
Featured News
GNX (ASX) Chart |
The Watchlist
FHE
FRONTIER ENERGY LIMITED
Adam Kiley, CEO
Adam Kiley
CEO
SPONSORED BY The Market Online