So, a lower AUD$ means:
- ORG making more profits (most costs in AUD whereas considerable sales in USD)
- cheaper for the consortium to buy ORG
- and this makes it more attractive to competing bidders (if any!)
- and all this makes it possible for ORG BoD to insist on aspects of the details of the bid
So seems good to me and should help close gap between market price and implied bid price
Ann: Revised proposal from Consortium at $8.90 per share, page-71
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Last
$9.72 |
Change
0.090(0.93%) |
Mkt cap ! $16.74B | |||
| Open | High | Low | Value | Volume |
| $9.58 | $9.74 | $9.54 | $18.08M | 1.867M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 20579 | $9.72 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $9.74 | 4798 | 3 |
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| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| ORG (ASX) Chart |