TAP 0.00% 7.8¢ tap oil limited

Note the following comment in the Risco Supplementary Bidders...

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  1. 7 Posts.
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    Note the following comment in the Risco Supplementary Bidders Statement Media release 0f 9-Aug-18

    "No further price increase
    In the absence of a competing proposal from another party in respect of Tap which is publicly
    announced, Risco will not increase the bid price above A$0.091 per Tap Share during the remainder
    of the offer period of the Varied Offer."

    As there has now been a publicly released competing proposal by NGP, it appears as though the Risco bid price can be increased above 9.1c during the remainder of the offer period of the Varied Offer.
 
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