CVC bought the 30m. Interstingly they didn'y buy more?
They don't tend to buyout businesses but get into major controlling interest, take a board seat and then run the business. May not be a takeover down the track just yet.
They couldn't buy the lot from TJN as they would break the 20% takeover rule, but I suspect that they could have bought more. I think they have bought just enough to control the business ie board seats.
I truely wander what TJN is going to do with the remain 40m shares (9.3%) of GPM? I suspect they will have to slowly sell this down into the market. May place pressure on the SP in the short term.
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Last
$2.06 |
Change
0.000(0.00%) |
Mkt cap ! $212.6M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10000 | $1.85 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.06 | 10000 | 1 |
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