So WGX didn't like thepossiblitiy of being the junior partner in a "merger" . So to rebalance any "merger" you do a Cash/Script offer to effectively double you size and change a 70/30 into a 55/45 . provides much better positioning in any forced merger. but the $40M break fee causes a large hiatus to RMS's advances and without something positive from them from the Takeover panel it pushes any RMS takeover out to Nov giving WGX more time to get even more control.
So WGX didn't like thepossiblitiy of being the junior partner in...
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Last
$1.92 |
Change
0.030(1.59%) |
Mkt cap ! $2.194B | |||
| Open | High | Low | Value | Volume |
| $1.94 | $1.95 | $1.92 | $7.450M | 3.862M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 72964 | $1.92 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.93 | 42195 | 3 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| RMS (ASX) Chart |