@DSD
Ironically, a falling oil price - to the extent that it is brought about by a strengthening US$, which is clearly the case here - actually increases the chance of a successful takeover bid by Dar Group, I suspect.
Because, since the Dar Group news broke, the A$ has fallen by around 3.5% against Dar Group's functional currency, which would be the US$.
Meaning that, all things being equal, from Dar Group's financial position, whatever they were prepared to bid for WOR, just become 3% cheaper, in the matter of a few days.
Dubai's Dar Group 13.35pc stake WorleyParsons Read more: http://www.copyright link/business/cons, page-59
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Last
$14.17 |
Change
0.180(1.29%) |
Mkt cap ! $7.649B | |||
| Open | High | Low | Value | Volume |
| $14.10 | $14.24 | $14.05 | $15.93M | 1.119M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 6787 | $14.16 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $14.18 | 9834 | 2 |
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| Last trade - 16.10pm 22/11/2024 (20 minute delay) ? |
| WOR (ASX) Chart |
