Allegiance Mining (AGM) reported that Zinifex (ZFX) made an off-market all cash takeover offer for all of the issued ordinary shares of Allegiance Mining by its subsidiary Zinifex Australia. The Company reported a two tiered pricing - $0.90 per Allegiance share, increasing to $1.00 per Allegiance share if Zinifex acquires more than 30% or if the Allegiance Board recommends the Offer. Zinifex's Offer represents a significant premium over Allegiance's last closing price and 1 month VWAP. AGM Directors later advised shareholders to take no action until they have reviewed the bid in detail.
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Last
$60.00 |
Change
0.520(0.87%) |
Mkt cap ! $11.63B | |||
| Open | High | Low | Value | Volume |
| $59.54 | $60.22 | $59.50 | $25.48M | 424.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 600 | $59.98 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $60.01 | 288 | 1 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| ASX (ASX) Chart |