re: nice intercept .. plus and As KCN have indicated we should see plenty of exciting drilling results over the coming year.
AND is currently 23.5c.
KCN is $4.48.
An extra 3% acceptances from AND shareholders and they would have received one KCN share for 14 AND shares, valuing AND at 32c. in relation to KCN's current price. As it is the valuation is 30c. at the 15 for 1 bid.
Are there rules in place restricting another takeover bid for a certain period after the previous bid closed?
Because in view of what has happened to the AND share price after the KCN bid closed, I wouldn't imagine that KCN would need to trade at much more of a premium to AND to be able to make another scrip bid and substantially increase their interest in AND.
re: nice intercept .. plus and As KCN have indicated we should...
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Last
$1.33 |
Change
0.015(1.15%) |
Mkt cap ! $341.5M | |||
| Open | High | Low | Value | Volume |
| $1.32 | $1.36 | $1.31 | $220.0K | 165.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 6143 | $1.32 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.33 | 3350 | 7 |
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| Last trade - 14.16pm 30/08/2024 (20 minute delay) ? |
| KCN (ASX) Chart |