"Central Petroleum has rejected a takeover bid by Macquarie Group that values the ASX-listed energy producer at $75.8 million.
Central says a scheme of arrangement worth 17.5 cents per share is not in the best interests of shareholders, even though it offers a 29.6 per cent premium to the company's current share price.
Central's board has granted due diligence access to allow Macquarie, which already has a 2.3 per cent stake and is Central's main lender, to make an improved bid.
Shares are up 33.3 per cent at 18 cents, in a sign investors are hoping for a sweetened offer."
29.6% premium, wowee.
It was 17c a week or two ago.
Article from Brisbanetimes.com.au; http://www.brisbanetimes.com.au/bus...s-live-taking-a-breather-20161113-gsoisp.html
Ann: Trading Halt, page-150
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Last
5.3¢ |
Change
-0.002(3.64%) |
Mkt cap ! $39.49M | |||
| Open | High | Low | Value | Volume |
| 5.5¢ | 5.5¢ | 5.3¢ | $83.26K | 1.516M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 234750 | 5.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.5¢ | 340510 | 1 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| CTP (ASX) Chart |