meretec buy out

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.