I don't think GMD would give up and I don't think they need to revise their bid. If SBM shareholder vote the sale to GMD down then SBM has to do a merry dance with their lenders. That may involve a recapitalisation, administration, fire sale, or preferably for SBM SH, revised terms on the existing debt.
SLR's offer is still non-binding so there is nothing for SBM SH to vote on, GMD have the advantage here that they have had access to the data for a very long time.
If it were a no, then presumably with the blessing of their lenders, SBM will open the process again and invite bidders again.
Ann: No material improvement in Silver Lake proposal for Leonora, page-14
Add SBM (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
24.0¢ |
Change
0.005(2.13%) |
Mkt cap ! $196.3M | |||
| Open | High | Low | Value | Volume |
| 23.5¢ | 24.5¢ | 22.5¢ | $1.927M | 8.149M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 1241934 | 24.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 24.5¢ | 841555 | 8 |
View Market Depth
| Last trade - 16.10pm 28/05/2024 (20 minute delay) ? |
|
|||||
|
Last
24.0¢ |
Change
0.005 ( 2.52 %) |
||||
| Open | High | Low | Volume | ||
| 23.0¢ | 24.5¢ | 22.5¢ | 3039961 | ||
| Last updated 15.59pm 28/05/2024 ? | |||||
| SBM (ASX) Chart |