The take over by CAMEC was quoted as 1 CFM : 1 OMC. At the announcement of the takeover CFM was trading at 59p which equated to approx $1.44 = t/o price at the time. However, because its a script offer, the OMC s/p will be linked to what the CFM s/p does. CFM has gone down to about 48p at the moment which based on 0.4175 convert from $AUS to GBP = OMC s/p of $1.15 - so it's actually trading at a premium at the moment. But everyone knows that they won't be successful in taking over OMC with the current offer and will have to come back with a revised offer.
OMC
omegacorp limited
