CRO 2.33% 8.8¢ cirralto limited

My thoughts: A vend consideration (in shares) is not a freebie....

  1. 83 Posts.
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    My thoughts:
    A vend consideration (in shares) is not a freebie.
    Glad they took the consideration in shares and not cash.
    The related party capital structure for the acquisition would have to have been approved by the ASX to avoid chapters 1&2 (ie deeming resulting capital structure not a RTO). Rights take up by related parties would have changed the final capital structure.
    Motopia shareholders did vote unanimously for the acquisition to go ahead.
 
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