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?
- Forums
- ASX - By Stock
- RG’s new plans?
RG’s $0.84 bid for PACT appears like it will be unsuccessful...
- There are more pages in this discussion • 55 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add PGH (ASX) to my watchlist
(20min delay)
|
|||||
Last
84.5¢ |
Change
-0.005(0.59%) |
Mkt cap ! $290.9M |
Open | High | Low | Value | Volume |
84.5¢ | 85.0¢ | 84.5¢ | $11.88K | 14.06K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 24891 | 84.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
85.0¢ | 65757 | 19 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 24891 | 0.845 |
2 | 111050835 | 0.840 |
1 | 2200 | 0.800 |
1 | 65600 | 0.760 |
1 | 2200 | 0.700 |
Price($) | Vol. | No. |
---|---|---|
0.850 | 65757 | 19 |
0.855 | 30799 | 4 |
0.860 | 27774 | 4 |
0.870 | 36497 | 3 |
0.880 | 1604 | 1 |
Last trade - 16.10pm 14/05/2024 (20 minute delay) ? |
|
|||||
Last
84.5¢ |
  |
Change
-0.005 ( 0.00 %) |
|||
Open | High | Low | Volume | ||
84.5¢ | 84.5¢ | 84.5¢ | 3786 | ||
Last updated 10.27am 14/05/2024 ? |
Featured News
PGH (ASX) Chart |