Most of the time has been taken up by ACCC approval and then Due Diligence. 5 weeks notice to give time to review the scheme for Shareholder Approval followed by Vote. The things is bid was put in when the SP was in 6s and has been higher only since the bid. First bid was $7.79 in Aug '22, second at $8.70-8.90 in September and last bid was made public at $9.00 in November revised down to $8.90 in March this year after DD along with a USD componenet in the payout. Some 7 months for ACCC approval - unreal!
Newcrest got bid, bought and delisted in that time. I still think its a game of cents and not dollars as it had already been pushed backed twice before going public. The other notable thing: no other superior offer in all this time nor has it pushed past the bid price by a significant margin. Funds who scream for a much higher price could also fold quickly if the bidder walks away.
News: ORG UPDATE 1-Australia regulator approves Brookfield's $9.8 bln bid for Origin Energy, page-25
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Last
$10.35 |
Change
0.060(0.58%) |
Mkt cap ! $17.83B | |||
| Open | High | Low | Value | Volume |
| $10.35 | $10.43 | $10.32 | $30.87M | 2.983M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 5334 | $10.34 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.36 | 2659 | 3 |
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| Last trade - 16.10pm 07/06/2024 (20 minute delay) ? |
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Last
$10.34 |
Change
0.060 ( 0.45 %) |
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| Open | High | Low | Volume | ||
| $10.34 | $10.42 | $10.32 | 1506304 | ||
| Last updated 15.59pm 07/06/2024 ? | |||||
| ORG (ASX) Chart |