That's the way I read it. I like this move from TAH, I think it will unlock some takeover potential for both demerged companies. Crown will be thinking about getting the Casino company at some point.
Shareholders should get 1 share in each company. There is a 1 for 9 renouncible rights issue prior to this though happening now. I think people will take this up at $6.25.
Hopefully this will start to get TAH moving forward again and unlocking some value from the business.
demerger, page-2
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Last
59.0¢ |
Change
-0.005(0.84%) |
Mkt cap ! $1.347B | |||
| Open | High | Low | Value | Volume |
| 60.0¢ | 60.5¢ | 58.5¢ | $1.465M | 2.470M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 321496 | 59.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 59.5¢ | 289413 | 3 |
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| Last trade - 16.10pm 15/08/2024 (20 minute delay) ? |
| TAH (ASX) Chart |