Here's the relevant "speculation":
https://www.copyright link/business/professional-services/slater-and-gordon-shine-chairmen-held-merger-talks-20190610-p51w4g
And the financial review responding to the announcements:
https://www.copyright link/business/professional-services/slaters-shine-back-away-from-merger-talk-20190611-p51wem
I'd concur that from Shine's perspective it seems an odd decision if they were planning to do this. Last i checked (admittedly some time ago) the position of Slater's - the australian business that is - is currently terrible, its carcass having been picked clean. Additionally the fact that it's market cap is larger than that of SHJ is nonsensical when comparing financial statements of the two companies. Shine is a financially healthy company while Slater is not.
Much would depend on the (hypothetical) deal struck.
Here's the relevant...
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Last
83.5¢ |
Change
0.020(2.45%) |
Mkt cap ! $144.6M | |||
| Open | High | Low | Value | Volume |
| 84.0¢ | 84.5¢ | 80.0¢ | $42.13K | 50.44K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 7723 | 80.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 83.5¢ | 999 | 1 |
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| SHJ (ASX) Chart |