There will need to be an IER to comment on fair and reasonableness of the transaction for existing holders.
the price will be at a premium and will have to include a control premium for achieving effective control of the company > 50.1%.
Long way to go yet but I'd expect the SP on Monday day to take off.
Ann: LoI for Cooperation on Strategic Investment, page-19
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Mkt cap ! $121.5M | |||
| Open | High | Low | Value | Volume |
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Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 30227 | 31.0¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 32.0¢ | 247672 | 1 |
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