Thanks so much for your help Richard! So if RG lets the $0.84 final offer expire he will have to wait 6 months before acquiring shares again via either a new offer and/or the 3% creep rule…
Thanks Username123 for answering my silly question about whether RG can do ‘special deals’ with individual shareholders to acquire their shares at a higher price to everyone else. Since RG is only 5% away from 90% I thought this could be a strategy he might use if it was allowed. It’s great to know that this wouldn’t happen. So RG could do an individual deal with a larger shareholder however he couldn’t pay them a higher price for their shares than what he would pay for everyone else’s shares
So what’s next for RG? I think the best course of action for him is to let the offer expire ( he seems to be at a stalemate ) and just wait for 6 months. As you mentioned William this hopefully mean’s RG will have to use the $160 million from the 50% business sale towards paying down PACT’s debt instead of as his own personal piggybank to buy himself shares
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Thanks so much for your help Richard! So if RG lets the $0.84...
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75.0¢ |
Change
0.010(1.35%) |
Mkt cap ! $258.2M |
Open | High | Low | Value | Volume |
73.5¢ | 76.0¢ | 73.5¢ | $14.88K | 19.73K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2039 | 75.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
77.0¢ | 740 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2039 | 0.750 |
1 | 27650 | 0.740 |
1 | 1417 | 0.735 |
1 | 15000 | 0.730 |
2 | 9200 | 0.700 |
Price($) | Vol. | No. |
---|---|---|
0.770 | 740 | 1 |
0.780 | 1125 | 1 |
0.800 | 8625 | 1 |
0.840 | 28068 | 3 |
0.845 | 7147 | 6 |
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