A CR wouldn't bring Bright any closer to taking over Synlait though.
Neither Bright nor A2M can increase their stake further without making a formal takeover offer. And my understanding is any takeover is subject to NZ Government approval, so they wouldn't be circumnavigating anything.
The cost for A2M to participate in equity raising in order to maintain its current stake is negligible (relative to its $800M cash balance).
A2M Price at posting:
$6.16 Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)