AEV 0.00% 0.9¢ avenira limited

ucl launches takeover bid for bon, page-9

  1. 10,295 Posts.
    lightbulb Created with Sketch. 999
    This is funny. UCL doing a rights issue - they are afraid of losing control of Namibia completely to a much larger entity. A rights issue may be possible for them but:

    - it'll be tough and
    - it would have to buy out MAK's holding of a quarter of BON at a much higher price to make it worthwhile

    MAK wins either way.
 
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