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
84.3¢ |
Change
0.003(0.30%) |
Mkt cap ! $290.0M |
Open | High | Low | Value | Volume |
84.0¢ | 84.5¢ | 84.0¢ | $28.15K | 33.51K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 110972813 | 84.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
84.5¢ | 103925 | 13 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 110972831 | 0.840 |
1 | 2200 | 0.800 |
2 | 132266 | 0.760 |
1 | 2200 | 0.700 |
2 | 28888 | 0.685 |
Price($) | Vol. | No. |
---|---|---|
0.845 | 103682 | 12 |
0.850 | 31117 | 14 |
0.855 | 2965 | 1 |
0.860 | 39255 | 5 |
0.870 | 36497 | 3 |
Last trade - 11.43am 27/05/2024 (20 minute delay) ? |
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