I guess a better gauge of the incoming share price is the WGX offer. 3:11 for 251m GCY shares = 68.5m WGX shares @ $1.90 = $130m offer.
Spread that over FFR+GCY at 356m SOI = 36.5c/share. Surely this is the support short term?
Just spitballing, but if WGX keeps the offer standing, but now diluted, Deutsch Balaton win with their 5% FFR holding as well as their 23% GCY holding, so maybe they are willing to accept a lower offer. We know Delphius was happy for 4:1, maybe they settle for the lower 37c/share. Likely most FFR holders take the money and run, that is a double win, up from 10c pre merge offer to 12c on merge to another gain with WGX, so that could be an easy 25-35% of GCY+FFR votes for WGX. So WGX could have an easier run to 50% post merge but with a lower offer per share..
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Last
$1.46 |
Change
0.160(12.4%) |
Mkt cap ! $1.610B |
Open | High | Low | Value | Volume |
$1.32 | $1.46 | $1.31 | $59.53M | 41.22M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 900 | $1.45 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.46 | 72681 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2750 | 1.440 |
1 | 20000 | 1.430 |
1 | 707 | 1.410 |
1 | 5000 | 1.405 |
2 | 2131 | 1.400 |
Price($) | Vol. | No. |
---|---|---|
1.460 | 28535 | 2 |
1.470 | 2000 | 1 |
1.475 | 15000 | 1 |
1.480 | 28150 | 3 |
1.490 | 28438 | 5 |
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