I think you may be confusing compulsory acquisition and delisting. As far as I can see the objective here is delisting, so they are not paying the overhead for 2 listed companies. Seems to me they meet all the ASX guidelines for delisting:
https://www.asx.com.au/documents/rules/guidance-note-33.pdf
Operationally the merger has already occurred with Fergus now at the helm. Delisting is maybe a better option than acquisition for AVA shareholders, because it keeps more cash in the group. Why should those MSP holdouts get any of our money?
Ann: Change in substantial holding for MSP, page-6
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Last
13.5¢ |
Change
0.005(3.85%) |
Mkt cap ! $27.56M | |||
| Open | High | Low | Value | Volume |
| 12.5¢ | 13.5¢ | 12.5¢ | $15.92K | 121.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 130712 | 12.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.5¢ | 274445 | 7 |
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| Last trade - 16.10pm 18/11/2024 (20 minute delay) ? |
| AVA (ASX) Chart |
