As no ASX announcement mentions a takeover perhaps there is no takeover.
HZN mentions a control transaction. If ROC is the suitor then their announcement just mentions a transaction.
Perhaps the proposal is not a takeover, but rather backing into HZN a rather large asset or assets for shares. Which would result in ROC being in Control.
Both companies are trading below breakup value in my opinion.
I hope its a takeover, quick cash profit, but perhaps the entity with the combined assets would be able to kick start a mini LNG project.
Just my thoughts.
Any thoughts?
takeover or change of control
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Last
19.0¢ |
Change
0.005(2.70%) |
Mkt cap ! $308.3M | |||
| Open | High | Low | Value | Volume |
| 18.5¢ | 19.0¢ | 18.5¢ | $167.5K | 885.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 830773 | 18.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.0¢ | 493730 | 12 |
View Market Depth
| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| HZN (ASX) Chart |