I'm hoping we withdraw as well. IDX are prepared to spend up to$6.5 million in defense and our transaction costs for the takeover (including I-rad & RT acquisitions) is $9.9 million. All could have been avoided with a merger.
As for upping the bid, I think they might have plans for increasing the cash component of the offer. If you look at section 7.2 of the bidders statement (Funding of the offer). We currently have $85 million in cash , both the I-rad & RT acquisitions have been funded from our NAB loan/overdraft facility. All guess work on my part.
Ann: IDX: Replacement Bidder's Statement, page-43
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Last
37.0¢ |
Change
-0.010(2.63%) |
Mkt cap ! $341.1M | |||
| Open | High | Low | Value | Volume |
| 37.5¢ | 37.5¢ | 37.0¢ | $21.28K | 57.05K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 80453 | 36.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 37.5¢ | 73863 | 11 |
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