RG’s $0.84 bid for PACT appears like it will be unsuccessful from a takeover point of view
However RG has managed to buy about another 37% of shares at bargain basement price which he wouldn’t have been able to do otherwise so from this perspective it’s been a great success. Maybe this was his primary intention all along
I think RG will just leave the $0.84 bid run until it must expire in September and try and acquire as many shares at $0.84 as he can
After the compulsory 6 month wait following expiry of the offer I wonder what he will do?
If RG makes a new takeover offer the bid price he will have to negotiate with the larger holders will likely be huge if he has any hope of them accepting. I don’t think RG has much of a history of making generous offers
I’m wondering if there is any alternate way that RG can take over PACT without making a generous takeover bid? If RG just buys shares at market price under the 3% per 6 month creep rule can he achieve compulsory acquisition of PACT in this way?
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Last
75.0¢ |
Change
-0.050(6.25%) |
Mkt cap ! $258.2M |
Open | High | Low | Value | Volume |
78.0¢ | 78.0¢ | 73.0¢ | $12.59K | 16.88K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 9567 | 75.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
80.0¢ | 8624 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 9567 | 0.750 |
2 | 14214 | 0.730 |
2 | 9200 | 0.700 |
1 | 10000 | 0.695 |
1 | 10000 | 0.690 |
Price($) | Vol. | No. |
---|---|---|
0.800 | 8624 | 1 |
0.840 | 28068 | 3 |
0.845 | 3182 | 4 |
0.850 | 2740 | 2 |
0.860 | 14205 | 2 |
Last trade - 16.10pm 04/07/2024 (20 minute delay) ? |
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