Standstill is standard clause in NDA prior to reviewing confidential data in course of considering a transaction. Could have been anything tbh, merger, acquisition or joint venture. The standstill prevents both WGX and RMS from acquiring shares in the other for the duration of the NDA.
If RMS takes issue with that, means they want to give the impression that they plan to acquire WGX shares. I’d say a hostile play is in the works. It doesn’t have any relevance to Karora at this stage. But if RMS want to takeover WGX and kill the Karora merger, then the break fee comes into play. That’s my read of the sitch. Could be wrong.
just dumped my WGX shares.
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$2.73 |
Change
-0.030(1.09%) |
Mkt cap ! $1.294B | |||
| Open | High | Low | Value | Volume |
| $2.77 | $2.77 | $2.71 | $5.340M | 1.950M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 23958 | $2.73 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.74 | 3056 | 1 |
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| WGX (ASX) Chart |