The IWL statement says they are looking to formulate an offer. It could only be a primarily scrip offer as IWL does not have access to that sort of cash.
Caledonia are clearly after a higher offer having purchased their recent stake at about $4.22.
Personally, as a long time ETR shareholder I would be much happier with a scrip bid as I think online trading is a great long term business. Difficult to see ANZ letting them have it though.....given the ANZ buyout is seen as strategic - giving them a platform to sell wealth management products.
So seems a certainty someone will buy it (most likely ANZ imo) and likely at a higher price than currently trading.
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Last
0.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $13.88M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
| ETR (ASX) Chart |
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