I still reckon that TER are only doing this at this stage to acquire the 27% or so that they have irrevocable offers for.
They have probably come to an agreement to acquire this stake but can only do so under a takeover offer so they have to make the same offer to all shareholders.
Once they are at 47% they can gain 50%+ ownership under the 3%/6months creep rules which basically hands them control of the company a few months down the track anyway, so I don't think they give a fig whether any other UNV shareholders accept this bid or not as their eventual control of the company is all but guaranteed.
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Ann: Offer Document - Universal Coal plc, page-3
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21.5¢ |
Change
-0.010(4.44%) |
Mkt cap ! $172.2M |
Open | High | Low | Value | Volume |
22.5¢ | 22.5¢ | 21.5¢ | $289.6K | 1.333M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 9752 | 21.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
22.0¢ | 412058 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 9752 | 0.215 |
24 | 557114 | 0.210 |
11 | 507525 | 0.205 |
24 | 1029113 | 0.200 |
7 | 416016 | 0.195 |
Price($) | Vol. | No. |
---|---|---|
0.220 | 412058 | 5 |
0.225 | 402549 | 8 |
0.230 | 84088 | 6 |
0.235 | 208950 | 3 |
0.240 | 939790 | 12 |
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