On the other hand, if a takeover was contemplated, a suitor would have to buy both MELs 40% and LMLs 60%. In order to do this they could either negotiate with both companies, or approach LML hoping they would be in a better position to negotiate a deal with their partner to acquire their 40%.
I doubt MEL would part with their 40% cheaply & would probably want a figure around the total market cap of LML for it - certainly a premium. This would require a massive capital raising. I think it would be more likely for a 3rd party to be looking at MELs 40% and if they bought that, would they stop at just 40%?
go you good thing, page-5
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Last
0.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $12.33M | |||
| Open | High | Low | Value | Volume |
| 0.7¢ | 0.7¢ | 0.7¢ | $1.313K | 187.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 8181389 | 0.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.7¢ | 20288048 | 19 |
View Market Depth
| Last trade - 10.04am 15/11/2024 (20 minute delay) ? |
| LML (ASX) Chart |
