The offer by ADM for GNC reminds me of the Peabody offer for MacCarthur Coal a few years back. Unique assets on the block. This one too will go a few rounds and take well in to the new year to be consummated. Valuation reports will be called for etc. Due diligence will take months. Don't expect the Board to give in easily to exclusivity at this stage.
Holders should look for their Board to go for about 12.50-12.75 with the upcoming dividend thrown in for good measure, thus making around $13.
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Last
$7.79 |
Change
0.030(0.39%) |
Mkt cap ! $1.731B | |||
| Open | High | Low | Value | Volume |
| $7.78 | $7.81 | $7.71 | $10.86M | 1.397M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3940 | $7.78 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.79 | 21209 | 3 |
View Market Depth
| Last trade - 16.10pm 20/06/2025 (20 minute delay) ? |
| GNC (ASX) Chart |