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
15.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $65.79M | |||
| Open | High | Low | Value | Volume |
| 15.5¢ | 15.5¢ | 15.5¢ | $154.1K | 994.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 270264 | 15.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.0¢ | 3106576 | 27 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| SRX (ASX) Chart |