Regal seem to have built up their shareholding over the last 3 or so years. In this period PAC's share price has ranged from around $5 to a short stint at $9. From last years Annual Report Regal held around 6.8m PAC shares.
So if an alternative bid were to be successful, at say $11 plus, and Regal's average price per PAC share was around $6.50 to $7.00, they would walk away with at least a $27m profit - not bad for second prize.
A lot of assumptions involved in this exercise so it is only my view of the situation. DYOR.
No announcement here?, page-7
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Last
$2.95 |
Change
-0.140(4.53%) |
Mkt cap ! $8.682B | |||
| Open | High | Low | Value | Volume |
| $3.00 | $3.00 | $2.93 | $4.063M | 1.369M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 15049 | $2.94 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.95 | 23698 | 18 |
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| Last trade - 15.02pm 25/07/2024 (20 minute delay) ? |
| GQG (ASX) Chart |