I’ve been in heaps of companies that have been taken over.Were...

I’ve been in heaps of companies that have been taken over.

Were the scheme to be approved, we get 12 AVL shares for each TMT share, whether they’re at 3c or $3 a share. There’s no “locked in price as of September” or anything similar.

Unfortunately this also means we have no downside protection if AVL absolutely tanks, which is why a combined cash + script offer makes more sense.

the difference between the 2 stock prices falls down to

a) risk the scheme isn’t approved

b) people may seek returns elsewhere given the 3-4 month timeline


if it’s within a few weeks before, expect the gap between share prices to close quick smart (I.e Oz Minerals when taken over)