I found that statement bordering on embarrassing from River Capital and the way of the proposed structure, plus the price.
If this sale process falls away of all parties, I don't see how Tony Robinson should continue to hold the position of Chairmen, he is totally conflicted.
Ideally, i'd like to see GQG proceed at $11 and take the risks with the scheme of arrangement. They will need perpetual and Regal on board though.
There is a precedent of getting these deals down, although it is unlikely.
In April 2015, TPG Telecom held a 19.9% holding in listed Amcom to prevent the takeover. Vocus proceeded with a scheme of arrangement, with shareholders voting in favour of the offer, with 77% of shareholders voting in favour.
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$11.00 |
Change
-0.110(0.99%) |
Mkt cap ! $574.1M |
Open | High | Low | Value | Volume |
$11.05 | $11.05 | $10.85 | $587.8K | 53.49K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 262 | $10.91 |
Sellers (Offers)
Price($) | Vol. | No. |
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$11.00 | 253 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 262 | 10.910 |
1 | 262 | 10.900 |
1 | 262 | 10.890 |
1 | 150 | 10.790 |
1 | 48 | 10.730 |
Price($) | Vol. | No. |
---|---|---|
11.000 | 253 | 1 |
11.010 | 262 | 1 |
11.020 | 262 | 1 |
11.110 | 7573 | 1 |
11.150 | 4203 | 1 |
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