Some basic calculations
BZ issued 22,800,000 extra shares to Xinhe and Au Xingao. That worked out at 1 extra share for every 4 they held.
If BZ were to offer the same to those holding out - the nett impact if they accepted and then converted their BZ shares 4:1 to EMR would result in an additional 6.9M EMR shares being issued. That's just over 1% of the current mkt cap of EMR.
Surely a simple win? Or am I missing something?
Ann: Third Supplementary Bidder's Statement, page-2
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Last
$3.48 |
Change
-0.020(0.57%) |
Mkt cap ! $2.284B | |||
| Open | High | Low | Value | Volume |
| $3.50 | $3.51 | $3.44 | $2.510M | 718.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 7210 | $3.48 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.49 | 9353 | 23 |
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| Last trade - 11.49am 20/06/2024 (20 minute delay) ? |
| EMR (ASX) Chart |