The issue of a takeover is that this is essentially a binary proposition: it's either a game changing success or a complete failure.
If the former it will be worth squillions, if the latter, completely worthless. There's no world where FBR has a place but not a very big one. Once CRH have decided they want 300 Hx then they will soon decide they want 1000 Hx.
So how do you price a takeover in such a circumstance? If you're CRH and you're pretty sure it's going to be worth squillions then any takeover offer means you've signalled to the market (both incumbent holders and competing buyers) that it's a winner. You're not going to be able to offer 1 per cent of squillions you'll need to offer 20-30% of squillions - maybe 10-20% if they think FBR holders are impatient.
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Last
4.7¢ |
Change
-0.001(2.08%) |
Mkt cap ! $226.7M |
Open | High | Low | Value | Volume |
4.8¢ | 4.8¢ | 4.6¢ | $136.7K | 2.877M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
11 | 632020 | 4.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.8¢ | 210000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
11 | 632020 | 0.046 |
16 | 1170602 | 0.045 |
10 | 1303291 | 0.044 |
7 | 551192 | 0.043 |
7 | 932829 | 0.042 |
Price($) | Vol. | No. |
---|---|---|
0.048 | 210000 | 1 |
0.049 | 1037363 | 5 |
0.050 | 451650 | 5 |
0.051 | 371342 | 5 |
0.052 | 1108313 | 6 |
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