Not so sure. If the AFR article is correct in saying a “script bid” is on the table, the take-over offer implies that shares may be offered to BBT shareholders partly or wholly in place of cash. This means that, if a take over bid is accepted by BBT shareholders, they may receive shares in the new merged entity.
However, the big question for us retail shareholders is what ratio will a new entity offer us for our shares. In my humble opinion BBT has significant negotiation leverage in (1) its IP (wagering software platform) and (2) licensing arrangements/approvals already in place in several US states, which are (3) very sizeable and growing markets. Putting a value on 1 to 3 plus (4) our domestic market share needs to be acceptable and true value for BBT shareholders.
More will be revealed in coming days.
Not so sure. If the AFR article is correct in saying a “script...
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Last
18.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $101.1M | |||
| Open | High | Low | Value | Volume |
| 19.0¢ | 19.0¢ | 18.0¢ | $4.752K | 26.12K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 81041 | 18.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.0¢ | 18551 | 2 |
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| Last trade - 16.10pm 03/07/2024 (20 minute delay) ? |
| BBT (ASX) Chart |