Business Spectator had this to report in today's Data Room:
Alceon’s proposed takeover of Noni B could still come undone at the seams, as a concerned investor mounts a covert challenge to the deal. Elsewhere, Singapore takes another bite out of Australia’s food industry, Glencore mines a new bond market, while Westfield and APN News and Media pursue their American dreams. A week after Noni B’s founders backed a takeover bid by Alceon Group, a powerful boutique investment firm has apparently moved to block the deal. Gannet Capital, backed by members of the billionaire Smorgon family, seized an 11 per cent stake in Noni B in a share raid on Tuesday evening, according to The Australian. Gannet chief executive Glenn Poswell told the newspaper Alceon’s 51-cents-a-share offer was too low, advocating for the struggling retailer to remain listed on the ASX and implement operational changes. More details could emerge after Gannet lodges a substantial shareholder notice -- expected later today.
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Business Spectator had this to report in today's Data Room:...
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7.4¢ |
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0.004(5.71%) |
Mkt cap ! $13.20M |
Open | High | Low | Value | Volume |
7.3¢ | 7.4¢ | 7.3¢ | $738 | 10.10K |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 135134 | 7.0¢ |
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Price($) | Vol. | No. |
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7.4¢ | 24781 | 1 |
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No. | Vol. | Price($) |
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1 | 135134 | 0.070 |
4 | 355281 | 0.069 |
2 | 106000 | 0.066 |
2 | 56000 | 0.065 |
2 | 41455 | 0.062 |
Price($) | Vol. | No. |
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0.074 | 24781 | 1 |
0.075 | 25000 | 1 |
0.079 | 12600 | 1 |
0.080 | 37201 | 1 |
0.086 | 48000 | 1 |
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