Because it is reliant upon selling a number of the boutiques to GQG in order to fund paying $10.50 cash.
GQG have said they aren't willing to do that & have ceased discussions with River Capital.
If River Capital can find the funding elsewhere to pay the $10.50 then it may proceed but as they didn't stump up the cash & then shop around the boutiques after completion that suggests to me they don't have access to the funding.
I'm just releaved that GQG have given up talking to River Capital & that's killed their bid, unless River Capital give up & agree to sell.to GQG.
Because it is reliant upon selling a number of the boutiques to...
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Last
$11.08 |
Change
0.280(2.59%) |
Mkt cap ! $571.4M | |||
| Open | High | Low | Value | Volume |
| $10.77 | $11.08 | $10.75 | $428.9K | 39.46K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 363 | $11.00 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $11.11 | 112 | 1 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| PAC (ASX) Chart |