In my humble opinion - $3.25 will be a cheap steal for Jangho, and the current 18% gap to market price (current price of $2.77) will soon once the market understands this is pretty much a done deal.
I expect HLS Board to approve, Jangho has been friendly to them since 2015, previously doing a deal back in 2015.
http://www.pulsehealth.net.au/files/8d2af3583b0596243PrimaryHealthCareSaletoJanghoGroup.pdf
HLS board and management will be taken care of, I expect quick approval for the benefit of Shareholders - and Jangho’s all cash offer $3.25 is trying to create quick certainty.
I hope/expect a bidding war, the final settlement price will be much higher, and I expect Jangho to counter bid as they desire to own HLS, to expand the model to the mainland.
They had previously acquired Australi’s largest ophthalmology operator - VEI (out bidding pulse healthcare)
https://www.copyright link/street-talk/chinas-jangho-group-makes-offer-for-vision-eye-institute-20150813-giyc9k
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$1.47 |
Change
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Mkt cap ! $1.078B |
Open | High | Low | Value | Volume |
$1.49 | $1.50 | $1.47 | $587.2K | 395.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
26 | 25846 | $1.47 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.47 | 20674 | 33 |
View Market Depth
No. | Vol. | Price($) |
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23 | 26170 | 1.465 |
11 | 25144 | 1.460 |
10 | 78686 | 1.455 |
9 | 166440 | 1.450 |
1 | 4950 | 1.445 |
Price($) | Vol. | No. |
---|---|---|
1.470 | 17953 | 31 |
1.475 | 21009 | 16 |
1.480 | 38408 | 14 |
1.485 | 21194 | 13 |
1.490 | 23479 | 9 |
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