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Health insurance company NIB Holdings Ltd (ASX:NHF) has written an open letter to members of takeover target GMHBA, criticising the Geelong-based insurer's refusal to give its members a vote on the merger.
NIB is hoping that pressure from members will force the directors of GMHBA to reconsider an increased takeover offer of $180 million.
In October, NIB made a $140 million offer, which was promptly rejected by GMHBA's board.
For the year ended 30 June 2010, NIB reported a net profit of $61.5 million.
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Last
$7.71 |
Change
0.010(0.13%) |
Mkt cap ! $3.754B | |||
| Open | High | Low | Value | Volume |
| $7.70 | $7.74 | $7.65 | $5.688M | 739.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2633 | $7.71 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.72 | 1542 | 2 |
View Market Depth
| Last trade - 16.13pm 22/08/2025 (20 minute delay) ? |
| NHF (ASX) Chart |