Can't see it happening. Cephalon is updating the market with sub. shareholder notices regularly and is short of 30% currently. It has said it will extend its current offer (which runs out in a week or so) if it has 80% by that date............very unlikely,although you never know with the way the price is behaving currently.........the market is now factoring in failure and a board who have no desire to go it alone. There may be a flood of acceptances as it appears no rival bid is feasible.
The sentence from the announcement 8/5 that you need to bear in mind is :"Cephalon Australia will not free the Offer from the condition set out
in section 7.6(b) of the Offer (90% minimum acceptance condition)
under any circumstances. If the 90% minimum acceptance condition is
not satisfied all acceptances of the Offer will be void.
"
ie) Cephalon currently has nowhere near 30% actual interest in SRX as it includes acceptances in this figure........if they don't get their 90% then these acceptances become void and Cephalon's holding reverts back to what they actually OWN ,which is little if any.
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Last
15.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $66.85M |
Open | High | Low | Value | Volume |
15.5¢ | 16.0¢ | 15.5¢ | $496.1K | 3.129M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 1387878 | 15.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
16.0¢ | 2785931 | 31 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 1387878 | 0.155 |
15 | 4055477 | 0.150 |
5 | 735275 | 0.145 |
1 | 50000 | 0.135 |
1 | 153846 | 0.130 |
Price($) | Vol. | No. |
---|---|---|
0.160 | 2785931 | 31 |
0.165 | 294771 | 8 |
0.170 | 149369 | 4 |
0.175 | 170000 | 2 |
0.180 | 41441 | 2 |
Last trade - 16.10pm 03/07/2024 (20 minute delay) ? |
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