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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 (20min delay)
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Last
$3.50 |
Change
0.010(0.29%) |
Mkt cap ! $2.293B | |||
| Open | High | Low | Value | Volume |
| $3.52 | $3.58 | $3.48 | $5.374M | 1.527M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 36426 | $3.50 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.51 | 17630 | 2 |
View Market Depth
| Last trade - 16.10pm 17/06/2024 (20 minute delay) ? |
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Last
$3.52 |
Change
0.010 ( 0.70 %) |
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| Open | High | Low | Volume | ||
| $3.52 | $3.58 | $3.48 | 316119 | ||
| Last updated 15.59pm 17/06/2024 ? | |||||
| EMR (ASX) Chart |
