Because ROC is trading at a significant premium to HZN when the takeover ratio is taken into account.
If ROC buyers believed the merger is happening, it would be much cheaper for them to buy HZN shares, ie they would get more mergeco shares for their buck by buying HZN
- Forums
- ASX - By Stock
- Malaysian Takeover
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)