I guarantee the offer will be considerably more. Say with a $4 in front and dividend. Things have changed a lot since 6 weeks ago. Both countries are opening up, international travel is being discussed which means jet fuel, nation wide lockdowns are behind us and we have a oral pill for covid.
Note the risk of a large scale lockdown is diminished. Macquarie Bank will get a better payday if the deal goes ahead. Remember Z Energy have got what Ampol wants. Not the other way round. The extra 2 weeks did Ampol a disservice but at the same time crude has rallied. The uk situation occurred petrol stations are alive and well. Let’s see the MONEY!
ZEL Price at posting:
$3.22 Sentiment: Buy Disclosure: Held