Worth reading API's response!
They reaffirm the accretive value of the merger so why would they go away and dump their Simga share holding at a loss or hold (with their expectation that Sigma's restructure is doomed). They are now between a rock and a hard place having shown their hand and now will have to move to a hostile offer (potentially having to up the offer).
This is about the 4th or 5th time that the API/Sigma deal has been up in the air..............it has to happen!
Ann: API: Market update on API-Sigma merger proposal, page-10
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Last
$2.92 |
Change
0.215(7.96%) |
Mkt cap ! $2.300B | |||
| Open | High | Low | Value | Volume |
| $2.74 | $2.93 | $2.74 | $18.14M | 6.353M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 19 | 14808 | $2.91 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.92 | 33198 | 24 |
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| Last trade - 14.20pm 28/11/2024 (20 minute delay) ? |
| SIG (ASX) Chart |
