TSK 1.18% 83.5¢ task group holdings limited

Ann: TASK agrees to scheme agreement with PAR Technology, page-17

  1. 39 Posts.
    lightbulb Created with Sketch. 22
    Any idea why having 18% of script consideration is a condition precedent ?
    Seems funny that this could crater the deal. On my reading if the bidders price falls below about USD35 - which if you look at the chart is possible by June / July - then the whole deal craters. Getting an additional 10% for taking script (assuming same share price as today would be better than cash in my opinion - can always sell straight away if you want to exit. PS - I think their announcement is wrong - it says $0.98 is current value of cash/ script mixed option - This appears to be typo as my calc have it at $0.89 (I have called the compeny - and they said others have also made this comment). Any comments ??


 
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Last
83.5¢
Change
-0.010(1.18%)
Mkt cap ! $298.2M
Open High Low Value Volume
84.5¢ 84.5¢ 83.5¢ $2.114M 2.513M

Buyers (Bids)

No. Vol. Price($)
6 828593 83.5¢
 

Sellers (Offers)

Price($) Vol. No.
84.0¢ 81116 4
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Last trade - 16.10pm 24/06/2024 (20 minute delay) ?
TSK (ASX) Chart
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