At over 1.6 billion market cap and huge potential, the offer would have to be substantially greater than current share price. It would have to be attractive enough for 90% of shareholders to accept.
Let's say $7.50 hypothetically, that would mean around 2.4 billion.
That's a fair amount of lolly to throwing at a takeover/merger.
Hope so.
srm777
TNE becoming a Target Company???, page-2
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Last
$22.69 |
Change
-0.160(0.70%) |
Mkt cap ! $7.398B | |||
| Open | High | Low | Value | Volume |
| $22.68 | $22.87 | $22.55 | $12.24M | 539.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 3010 | $22.55 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $22.70 | 5038 | 2 |
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| Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
| TNE (ASX) Chart |