Saozzi,
Why do they keep extending the T/O offer date ?
-----------------------------------------------
GGG are extending the TO for several reasons imo.
1. Because they can and they have time on there side
2. Because GGG are well funded
3. AZX are not running low on cash
4. AZX can not (I believe) atm issue more than 10% of shares case without shareholder approval
5. Shareholder approval to significantly dilute at a discount when compared to GGG's offer might be hard to achieve.
6. I believe there are some tax advantages to AZX holders if the offer is accepted at the extended date
7. GGG haven't yet got enough takers, or are waiting to get even more
8. To give AZX and GGG time to see what sculdugery Baker Steel have played in this episode
9. If we are lucky it is possible it's because merger talks are constructive and this extention gives AZX room to talk while keeping the TO offer open.
Temu
- Forums
- ASX - By Stock
- t / o offer
Saozzi,Why do they keep extending the T/O offer date ?...
-
- There are more pages in this discussion • 2 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 AZX (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
1CG
ONE CLICK GROUP LIMITED
Mark Waller, MD
Mark Waller
MD
Previous Video
Next Video
SPONSORED BY The Market Online