From theAustralian:
Webcentral is being labelled as a potential takeover target and the small technology group is understood to have attracted private equity interest.
Britain-based Oakley Capital is believed to be circling the $40m Australian listed company, and the suggestion is that it may be looking to pay for one of its divisions – potentially as much as $100m.
The halt request is as per Kyba's post above, so seems like Oakley Capital are buying a division rather than a full takeover.
From theAustralian: Webcentral is being labelled as a potential...
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Last
15.3¢ |
Change
0.003(1.67%) |
Mkt cap ! $50.37M | |||
| Open | High | Low | Value | Volume |
| 15.0¢ | 15.3¢ | 15.0¢ | $24.62K | 162.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 8137734 | 15.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.5¢ | 1372956 | 10 |
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| Last trade - 11.22am 04/07/2024 (20 minute delay) ? |
| 5GN (ASX) Chart |