Smells like Nestle are getting desperate and can see the hurt on their figures that a2m are having on them.
Sounds like a piss weak effort to attract shorters to the game to allow them to drive the price down before Nestle launch an offer.
If Nestle do really see the future in milk and all related products going down the a2 path then shelling out whatever figure becomes a no brained.
Question is will shareholders be willing to take a 30% premium on the highest traded price which would be equivalent of ~double the current price at which the company trades.
They might need to do it before the next revenue update otherwise they will be paying a lot more.
GLTAH and DYOR
Media Updates, page-39
Add A2M (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$5.92 |
Change
-0.020(0.34%) |
Mkt cap ! $4.279B | |||
| Open | High | Low | Value | Volume |
| $5.87 | $5.98 | $5.87 | $20.08M | 3.396M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 16080 | $5.92 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.95 | 1782 | 1 |
View Market Depth
| Last trade - 16.10pm 26/04/2024 (20 minute delay) ? |
|
|||||
|
Last
$5.94 |
Change
-0.020 ( 0.01 %) |
||||
| Open | High | Low | Volume | ||
| $5.90 | $5.98 | $5.87 | 422396 | ||
| Last updated 15.59pm 26/04/2024 ? | |||||
| A2M (ASX) Chart |