There is not necessarily any certainty in VAR as a company and as the suitor, no equity arb desk will regard this as a done deal IMHO. Discount to the offer price may even be greater than the sell off in SRX on Friday down 1.3% to $27.4 AUD IMHO.
Varian has a history which is even found in a number of Court cases, some are even outlined on Wikipedia. My hope is for an alternative bid.
https://en.wikipedia.org/wiki/Varian_v._Delfino
Ann: SRX BOARD RECOMMENDS ACQUISITION BY VARIAN MEDICAL SYSTEMS, page-108
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Last
13.0¢ |
Change
-0.005(3.70%) |
Mkt cap ! $55.17M | |||
| Open | High | Low | Value | Volume |
| 13.5¢ | 14.0¢ | 13.0¢ | $29.67K | 219.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 403968 | 13.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.5¢ | 155829 | 2 |
View Market Depth
| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
13.0¢ |
Change
-0.005 ( 1.89 %) |
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| Open | High | Low | Volume | ||
| 13.5¢ | 13.5¢ | 13.0¢ | 167497 | ||
| Last updated 15.58pm 14/06/2024 ? | |||||
| SRX (ASX) Chart |