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.
I found that statement bordering on embarrassing from River...
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Last
$10.08 |
Change
-0.170(1.66%) |
Mkt cap ! $528.6M | |||
| Open | High | Low | Value | Volume |
| $10.24 | $10.24 | $9.93 | $134.5K | 13.36K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 3 | $10.58 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.21 | 341 | 1 |
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| Last trade - 15.59pm 21/05/2024 (20 minute delay) ? |
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Last
$10.21 |
Change
-0.170 ( 0.39 %) |
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| Open | High | Low | Volume | ||
| $10.16 | $10.21 | $10.02 | 1539 | ||
| Last updated 15.59pm 21/05/2024 ? | |||||
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