The KPMG Report in the Dio Target Statement valued DIO's 49% at:
Low $77.7m
Med $87.0m
High $96.5m
With 91.5m shares on issue that equates to a range of 85c to $1.05 per share for FL alone.
Will be interesting to see how any Northgate offer is structured and whether or not the Board feels they can recommend it. As the AVO letter to shareholders states, there are taxation implications and it remains to be seen how DIO shareholders actually get to benefit - eg return of capital, special dividend, shares in Northgate, shares in some 3rd party bidding vehicle.
In the end, the AVO offer may turn out to still have attractions - certainly ahead of the detailed announcment the market is sceptical that there is major upside from the current offer. Last traded 71c on low volume.
- Forums
- ASX - By Stock
- DIO
- Ann: Trading Halt
Ann: Trading Halt , page-3
-
- There are more pages in this discussion • 1 more message 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 DIO (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
MTL
MANTLE MINERALS LIMITED
Nick Poll, Executive Director
Nick Poll
Executive Director
SPONSORED BY The Market Online