From memory, the deal was Dusk buying Eroma for $28m. $15m in cash and $13m in script. I don't know the details but perhaps the script price was based on December price, so it would have been over $3 a share, which is not ideal at the current price I suppose.
Another scenario could be the deal was subject to Eroma's financial performance which they did not meet. DSK will have to fund $10m in debt from CBA to do this transaction, so perhaps Eroma performance isn't good enough to justify DSK taking on $10m in debt, which is probably equal to DSK's 6 months net profit.
Also Peter King topped up 100k shares on market on Feb 28th. So I don't think there is anything sinister about this termination.
From memory, the deal was Dusk buying Eroma for $28m. $15m in...
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Last
76.5¢ |
Change
0.175(29.7%) |
Mkt cap ! $47.63M | |||
| Open | High | Low | Value | Volume |
| 68.0¢ | 82.0¢ | 68.0¢ | $1.125M | 1.490M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1178 | 76.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 77.5¢ | 2222 | 1 |
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| Last trade - 16.10pm 18/07/2024 (20 minute delay) ? |
| DSK (ASX) Chart |