MJS, it's all about synergies between RHL and ELD. If the ELD debt is paid off, then RS will perform much better, and the combined group will be a powerhouse to combat Landmark.
By the way, there has been an extension of time for the ACCC decision:
http://transition.accc.gov.au/content/index.phtml/itemId/1106381/fromItemId/750991
"ACCC requested further information from Ruralco. ACCC timeline suspended. Former proposed decision date of 16 May 2013 delayed to allow provision of requested information. ACCC will announce a new decision date in due course (as outlined in the Merger Review Process Guidelines, this may be a final decision or release of a Statement of Issues).
___________
So now it is some time after the 26th May. Another body could lob a bid for RS in the interim, of course, but there is > 2 weeks to go for ELD otherwise. ELD will only tread water until then, imo, but could hav a slight bump in share price if the ACCC decision comes through in the positive.
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$9.44 |
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-0.070(0.74%) |
Mkt cap ! $1.491B |
Open | High | Low | Value | Volume |
$9.54 | $9.54 | $9.34 | $3.304M | 350.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1026 | $9.42 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$9.47 | 1986 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1026 | 9.420 |
2 | 3981 | 9.410 |
3 | 1986 | 9.400 |
1 | 1325 | 9.390 |
1 | 1325 | 9.380 |
Price($) | Vol. | No. |
---|---|---|
9.470 | 1986 | 3 |
9.480 | 4709 | 3 |
9.490 | 1325 | 1 |
9.500 | 1528 | 2 |
9.520 | 757 | 1 |
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