well, I think that is a smart response from Meridian.
It's stake is strategic of course.
It clearly believes that the STT offer is too low.
But importantly, Meridian's response is directed to confirming and demonstrating that the Woddside contingent payments have some value.
By securiting these "contingent payments" it would give that contingent asset a demonstrated value.
It also puts pressure on STT to improve its Offer, AND it says to other interested parties, that they need to recognise the value inherent in that contingent asset.
well, I think that is a smart response from Meridian. It's stake...
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Last
51.0¢ |
Change
0.010(2.00%) |
Mkt cap ! $48.05M | |||
| Open | High | Low | Value | Volume |
| 52.0¢ | 52.0¢ | 50.5¢ | $34.36K | 66.65K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 14033 | 50.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 51.5¢ | 6561 | 3 |
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| Last trade - 12.52pm 01/07/2024 (20 minute delay) ? |
| FAR (ASX) Chart |