I'd say that RMS wanted to make a play for WGX.
WGX went and bid for Karora and didn't disclose the agreement it had in place with RMS.
The agreement between Karora includes that Karora should have a say in any agreements relating to WGX that have not been disclosed to them. Hence, legally RMS should not make a play for anyone prior to 14 November without being released from the WGX agreement.
RMS could have two issues here. 1 - they need Karora's consent prior to making a play. 2 - WGX should not have entered into the agreement with Karora. As they did, if RMS was to make a play for WGX, WGX may have to pay the break fee of $40m.
Just some scenarios I thought of after reading the document. Further clarification would be greatly appreciated. One would have thought, mandatory.
DYOR
- Forums
- ASX - By Stock
- RMS
- Ann: TOV:WGX Panel Receives Application
Ann: TOV:WGX Panel Receives Application, page-10
-
-
- There are more pages in this discussion • 66 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add RMS (ASX) to my watchlist
(20min delay)
|
|||||
Last
$1.94 |
Change
-0.060(3.00%) |
Mkt cap ! $2.219B |
Open | High | Low | Value | Volume |
$1.96 | $1.97 | $1.93 | $6.531M | 3.362M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 63723 | $1.94 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.94 | 33487 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 8366 | 1.935 |
3 | 17870 | 1.930 |
11 | 134239 | 1.925 |
3 | 31610 | 1.920 |
4 | 41059 | 1.915 |
Price($) | Vol. | No. |
---|---|---|
1.940 | 33487 | 2 |
1.945 | 119229 | 7 |
1.950 | 130266 | 8 |
1.955 | 152385 | 7 |
1.960 | 93728 | 4 |
Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
Featured News
RMS (ASX) Chart |