just been looking at the price of westpac ( rumoured bidder ) compared to SUN.
SUN been declining in relative value to westpac for quite some time.
If westpac were to offer 4 Westpac for 5 SUN that would be about a 20% premium to the trend, that would be more acceptable than a cash offer I would expect.
Cash offer would not succeed, I don't think a hail storm and US problems amount to a permanent impairment of SUN's longer-term prospects.
takeover target, page-18
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Last
$17.20 |
Change
-0.590(3.32%) |
Mkt cap ! $21.88B | |||
| Open | High | Low | Value | Volume |
| $17.51 | $17.57 | $17.20 | $45.93M | 2.659M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 50000 | $17.20 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.26 | 11761 | 1 |
View Market Depth
| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| SUN (ASX) Chart |