What a mess. I reckon RMS was eyeing out a takeover or merger with WGX. WGX then went and did the deal with Karora. This has made RMS unhappy for a few reasons:
- Seems like they are keen on WGX but do not want Karora because the synergies stated by WGX with the Karora acquisition may be misleading (according to RMS)
- The agreement between WGX and Karora has effectively meant RMS can't make a play for WGX (because the 4% penalty is huge and WGX won't want to pay it)
Not happy about this!
Ann: TOV:WGX Panel Receives Application, page-19
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Last
$2.27 |
Change
-0.030(1.30%) |
Mkt cap ! $2.606B | |||
| Open | High | Low | Value | Volume |
| $2.27 | $2.29 | $2.22 | $7.884M | 3.493M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 29957 | $2.25 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.28 | 319256 | 8 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| RMS (ASX) Chart |