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.
I don't think GMD would give up and I don't think they need to...
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Last
22.0¢ |
Change
-0.010(4.35%) |
Mkt cap ! $179.9M | |||
| Open | High | Low | Value | Volume |
| 22.5¢ | 23.0¢ | 22.0¢ | $563.9K | 2.539M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 23 | 889608 | 22.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.5¢ | 49231 | 8 |
View Market Depth
| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
22.0¢ |
Change
-0.010 ( 3.04 %) |
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| Open | High | Low | Volume | ||
| 22.0¢ | 22.5¢ | 22.0¢ | 1321763 | ||
| Last updated 15.59pm 14/06/2024 ? | |||||
| SBM (ASX) Chart |