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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Can't see it happening. Cephalon is updating the market with...
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Last
17.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $74.27M |
Open | High | Low | Value | Volume |
17.5¢ | 17.5¢ | 17.5¢ | $1.602K | 9.154K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 3847679 | 17.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
18.0¢ | 2509481 | 36 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 2847679 | 0.175 |
5 | 1596422 | 0.170 |
1 | 18186 | 0.165 |
1 | 2577 | 0.097 |
1 | 4000 | 0.075 |
Price($) | Vol. | No. |
---|---|---|
0.180 | 2177067 | 35 |
0.185 | 42357 | 5 |
0.190 | 198822 | 8 |
0.195 | 20478 | 2 |
0.200 | 181416 | 6 |
Last trade - 15.19pm 23/08/2024 (20 minute delay) ? |
SRX (ASX) Chart |
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