Hi Hadrian
Good summary, but the offer is not 1.5 times as they are receiving the excess cash Mayne has in the kitty.
If board had disclosed to Cosette that a special dividend would be paid, i am sure Cosette would have negotiated a reduced offer price from $7.40 to reflect the net cash leaving Mayne via the special dividend.
With most major shareholders in the red on their investment, there is no benefit of receiving a dividend and potentially paying top up tax when you can take the payment tax free as a reduction to the capital loss to be crystallized by having all of the proceeds exclude a special dividend.
Hi HadrianGood summary, but the offer is not 1.5 times as they...
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Last
$5.22 |
Change
0.140(2.76%) |
Mkt cap ! $424.1M | |||
| Open | High | Low | Value | Volume |
| $5.15 | $5.32 | $5.10 | $1.806M | 346.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 12140 | $5.22 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.29 | 6600 | 1 |
View Market Depth
| Last trade - 16.10pm 17/06/2025 (20 minute delay) ? |
| MYX (ASX) Chart |