ECX
"Eclipx Group dropped 4.4 per cent after declaring it had terminated takeover talks with McMillan Shakespeare and agreed to reimburse McMillan $8 million for the cost of the abandoned merger. "
A reading of this suggests a new offer/s is ready to go very shortly, and ECX has removed the MMS obstacle by covering their costs of 4-5 months of merger progression works.
If you read it that way, then its quite positive.
Ann: Mutual Scheme Implementation Agreement Termination, page-90
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$3.49 |
Change
-0.080(2.24%) |
Mkt cap ! $835.1M | |||
| Open | High | Low | Value | Volume |
| $3.59 | $3.70 | $3.49 | $1.118M | 315.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 4285 | $3.49 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.53 | 1286 | 1 |
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