Very unlikely to be a capital raising. The way the deal is structured puts the bulk of the debt in the holding company of the "Every Day" business. In fact I think Goyder was quoted as saying if anything WES gearing rate may fall. I guess this is because they are using some WES paper to pay for the whole Coles group and then on selling the largest parts to the new holding Co in which they have a 50% stake.
Very unlikely to be a capital raising. The way the deal is...
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Last
$66.85 |
Change
-0.670(0.99%) |
Mkt cap ! $75.81B | |||
| Open | High | Low | Value | Volume |
| $67.67 | $68.18 | $66.85 | $343.6M | 5.198M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 100 | $66.84 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $66.97 | 1578 | 1 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| WES (ASX) Chart |