I would have considered it to be self-explanatory, unless I've missed something. Each MEP share will be converted to 1.15 ADN shares, plus an in specie distribution of MEP's other projects in a breakaway entity. So, it would follow that MEP has to stay at a premium to ADN. Based on MEP's current share price, there's little or no value attributed to the breakaway entity. So once the voting is finished, and as the transaction date approaches, MEP's trading price will close in on its attributed value.
Why? Can someone explain?, page-4
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Last
0.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $27.14M | |||
| Open | High | Low | Value | Volume |
| 0.9¢ | 0.9¢ | 0.8¢ | $13.88K | 1.635M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 34 | 13605015 | 0.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.9¢ | 16195976 | 20 |
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| Last trade - 16.10pm 07/10/2024 (20 minute delay) ? |
| ADN (ASX) Chart |