WPL should have made an offer for FAR within a week of the announcement to buy COP 35%.
Now to get to 50.1% IS going to cost WPL more, and yes WPL would still need to act in FAR remaining shareholders interest which would quite obviously not include FAR sugar daddy option as WPL would be a much better fit. That is what WPL will say.
Hence WPL would get all of COP 35% plus a gradual increase in FAR ownership by the allowed 3% ownership creep every 6 months.
Solidarity, page-63
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Last
49.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $45.28M | |||
| Open | High | Low | Value | Volume |
| 49.0¢ | 49.0¢ | 49.0¢ | $10.77K | 21.98K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 14178 | 49.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 50.0¢ | 20000 | 1 |
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| Last trade - 12.19pm 25/07/2024 (20 minute delay) ? |
| FAR (ASX) Chart |