I doubt that is what is happening. But I guess JD taking a stake in A2M isn't out of the question given the previous interest way back then.
In a takeover the bidder usually makes an offer to acquire shares off-market for a price that is equivalent to the current SP + whatever % premium the bidder wants to pay. I think when China Mengniu tookover Bellamy's they paid ~60% premium. By contrast A2M is in way better shape than Bellamy's was financially.
To my knowledge the bidder needs to reach at least 90% ownership of all shares before they can compulsorily acquire the remainder and complete the acquisition. I think in some circumstances it can be accepted by a shareholder vote (quick) whereas in other cases it is more protracted reaching the 90% mark.
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I doubt that is what is happening. But I guess JD taking a stake...
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Last
$6.35 |
Change
0.000(0.00%) |
Mkt cap ! $4.597B |
Open | High | Low | Value | Volume |
$6.30 | $6.40 | $6.27 | $8.477M | 1.335M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 5355 | $6.35 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.37 | 5827 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 5355 | 6.350 |
1 | 24733 | 6.330 |
4 | 29508 | 6.320 |
3 | 32257 | 6.310 |
1 | 8772 | 6.300 |
Price($) | Vol. | No. |
---|---|---|
6.370 | 5827 | 2 |
6.380 | 8772 | 1 |
6.390 | 17888 | 6 |
6.400 | 9179 | 3 |
6.420 | 13409 | 5 |
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