The offer to RND/TBR shareholders is more than generous considering the current value of the companies:
TBR - $262m
RND - $146m
Total - $408m
Value of offer is $150m which is more than generous at 36% of the value of these companies combined. After all, NST are all ready running the JV and covering the costs. RND/TBR are essentially getting a free ride.
In my opinion, NST should only be offering $65m for RND/TBR stake in the JV which would equate to 16% of the current value of RND/TBR which in my opinion are massively overpriced at current market valuation.
As I said, this offer should be voted in the affirmative as it is a great offer.
Ann: Northern Star makes $150M offer for 49% stake in EKJV, page-25
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Last
$17.90 |
Change
0.340(1.94%) |
Mkt cap ! $18.16B | |||
| Open | High | Low | Value | Volume |
| $17.74 | $17.93 | $17.64 | $80.48M | 4.706M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 160 | $17.84 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.90 | 44796 | 3 |
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| Last trade - 16.10pm 22/11/2024 (20 minute delay) ? |
| NST (ASX) Chart |
