@DSD
Ironically, a falling oil price - to the extent that it is brought about by a strengthening US$, which is clearly the case here - actually increases the chance of a successful takeover bid by Dar Group, I suspect.
Because, since the Dar Group news broke, the A$ has fallen by around 3.5% against Dar Group's functional currency, which would be the US$.
Meaning that, all things being equal, from Dar Group's financial position, whatever they were prepared to bid for WOR, just become 3% cheaper, in the matter of a few days.
Dubai's Dar Group 13.35pc stake WorleyParsons Read more: http://www.copyright link/business/cons, page-59
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Last
$13.86 |
Change
-0.120(0.86%) |
Mkt cap ! $7.649B | |||
| Open | High | Low | Value | Volume |
| $14.11 | $14.16 | $13.86 | $12.08M | 868.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 13996 | $13.86 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $13.87 | 2900 | 1 |
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| Last trade - 16.10pm 27/11/2024 (20 minute delay) ? |
| WOR (ASX) Chart |
