Australia's largest stock trading and investment forum Australia's #1 stock forum

GNX

Click for more information

0.00%

27.5¢ genex power limited

My take is that JPower wouldn't try this unless they have Skip...

First 13 Last

Share
Profile

Follow
bigdaddymoney

510 Posts.

42

17/06/24

18:46

Post #: 74357234
Share

Originally posted by SouthernLad: ↑

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.

Expand

My take is that JPower wouldn't try this unless they have Skip on board.
Fingers crossed the I have the wrong take.

GNX Price at posting: 27.0¢ Sentiment: Buy Disclosure: Held
7 Upvote

0 Great analysis

Reply

Top Stories

The Rising Tide: How institutional adoption is shaping the future of crypto

The business of sport: Warren Tredrea's take on this week's news

Dale Gillham's weekly wrap: responding to a weak iron ore price with investing decisions

IPH

IPH raises $100M to buy up Canadian IP firm Bereskin & Parr

SER

How flooding did Strategic Energy Resources a favour: Four holes down in 'redesigned' gold & copper campaign

Week 34 Wrap: HotCopper's top watched; Oz banks cut saver interest; Kamala’s 28% corporate tax; AI’s back

NRX

Noronex kicks off EM survey at Humpback, Namibia – part of South32's earn-in deal to access Kalahari Copper Belt

Reporting wrap: Inghams, Accent, Mayne Pharma

CC9

Chariot locks in high-potential drill target at Black Mountain, one of the USA's largest lithium landholdings

RDN

Raiden gears up for exploration in final quarter of 2024

There are more pages in this discussion • 23 more messages in this thread...

First 13 Last

Add GNX (ASX) to my watchlist

SPONSORED BY