CMV 0.00% 0.6¢ cma corporation limited

meretec buy out

  1. 3,904 Posts.
    Does this - from todays ann imply a bounce

    Under the terms of the proposed acquisition, CMA would purchase 100% of the issued capital of Meretec Limited for a total purchase price of A$30 million. The acquisition will be settled through the issue of 37,500,000 fully paid ordinary shares in CMA Corporation Limited at an issue price of A$0.80 per share. The shares will be held under escrow for a two year period from their date of issue.
 
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Currently unlisted public company.

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