Exciting times.
The journos from AFR have good form on their info so this is a high possibility.
Stategicaly, ruralco shareholders in any merger have taken out insurance by being holders of elders FPO'and possibly hybrids i.e. if they need to offer a significant premium to merge the entities,they at least would get this premium from their 10% holding of ELD.
My bet would be at least 40 cents for elders FPO's to get majority to agree. This would also mean less shares issued/converted to hybrid holders at this higher price.
Remember book value is $1.12 and NTA is 62 cents and buying elders at the bottom with huge synergy to improve earnings.
Win win for everyone.
nice merger scenario in the afr today, page-7
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Last
$8.97 |
Change
0.080(0.90%) |
Mkt cap ! $1.417B | |||
| Open | High | Low | Value | Volume |
| $8.91 | $9.00 | $8.88 | $4.779M | 533.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 3529 | $8.95 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.98 | 6459 | 4 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| ELD (ASX) Chart |