My gut feel is MYG/DRM would have been looking for a 10:1 deal and a couple of fluffed up jobs for MYG management. I base this on a 40% premium to the last 5 days trading in MYG shares making them valued around 5c for the merger.
The share price run up probably threw a spanner in the works, maybe even sunk the deal.
Time will tell
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Last
78.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $70.43M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 2422 | 78.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
80.5¢ | 467 | 1 |
Last trade - 11.00am 04/12/2024 (20 minute delay) ? |
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MYG (ASX) Chart |
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