I think many here forgetting the 50/50 split in the tech company, which runs in parallel to the 75/25 for GW.
I won’t be so bold as to what the scrip offer will be as I don’t have a clue but the MEP have always been quite frugal so I will back them to have accepted a good deal, if one is forthcoming.
They’ve sat on that asset for years knowing what it was, knowing that someone with the right skill set will present and they’ll capitalize. I think a merger will unlock value by removing the blur between the two companies and provide additional confidence to fund managers who have probably sat on the sidelines waiting for clarity.
As for MEP holders, remember if this goes ahead we will now be part of the ASX300, so only positive things from here.
MEP Price at posting:
13.0¢ Sentiment: Hold Disclosure: Held
