Australia's largest stock trading and investment forum Australia's #1 stock forum

OPC

Click for more information

0.00%

$6.71 opticomm ltd

Takeover Offer by Uniti Wireless (UWL), page-8

First 8 Last

Share
Profile

Follow
edshann

2,372 Posts.

716

15/06/20

16:00

Post #: 45230736
Share

Originally posted by Artvandelay01: ↑

We are currently trading at a premium to the bid price of $5.20 a share (if you include the $0.10 special divvy) - so the market either thinks there’s a chance of another bidder, or maybe people are happy to buy here and roll some into UWL scrip thinking they can make some $ on the arbitrage? Given the directors and senior management hold close to 50% collectively it’s hard to see the scheme getting voted down - unless they’re precluded from voting? I’ll need to go back and check the legal framework for schemes as it’s been a while since I last looked at it closely.

Expand

Directors can vote, but I think the scheme requires a 75% majority under section 411 4b of corporations act.

OPC Price at posting: $5.27 Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

MIN

Ellison slapped with $20M sanction from MinRes but will stay on as leader – for now

MIN

Movers and Shakers: Zip Co, MinRes, Kuniko, more – The week's top ASX gainers

Week 44 Wrap: Relatively boring week ahead of US election; HotCopper's most watched; Oz inflation at 3.5%

Bitcoin hits fresh record as instos pile into BTC ETFs – and Trump helps, too

There are more pages in this discussion • 12 more messages in this thread...

First 8 Last

Add OPC (ASX) to my watchlist