Priesty,
I mentioned a few days ago that I had trouble understanding the difference between a merger and a takeover.
Having done a little reading since, I understand that in a merger each SEN holder will get some of the other company's shares as part of the merger deal.
For example if SEN merged with a company of similar size then SEN holders could receive 1 "new" share for each SEN share and will therefore have two shares in the newly merged company.
If the company was twice the size then SEN holders would get half a new share for every SEN share.
There are other elements as well such as getting options or part cash. Full cash is really a takeover.
The main point is that for this to happen I understand that the other company needs to be listed on the ASX.
here we go again..., page-8
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2.1¢ |
Change
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Mkt cap ! $32.99M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
|---|---|---|
| 3 | 560184 | 2.1¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 2.2¢ | 354428 | 3 |
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