If this is true, the merger is likely off the table and both companies sp are going to get slaughtered on Monday.
https://radioinfo.com.au/news/anchorage-pulls-out-of-arns-sca-takeover-bid/
Big questions to be answered by this Board!
Has the Anchorage DD process failed to produce convincing merits of the deal (more likely imho) or are they just pi$$ed off that the process dragged on for too long?
Can't see how ARN can complete the acquisition on its own.
Anchorage is out! This is huge!!
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Last
79.5¢ |
Change
-0.010(1.24%) |
Mkt cap ! $248.8M | |||
| Open | High | Low | Value | Volume |
| 80.5¢ | 84.5¢ | 78.5¢ | $38.53K | 47.84K |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 1 | 3754 | 79.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
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| 85.0¢ | 70000 | 1 |
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| Last trade - 15.47pm 24/05/2024 (20 minute delay) ? |
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Last
79.5¢ |
Change
-0.010 ( 1.55 %) |
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| Open | High | Low | Volume | ||
| 83.5¢ | 83.5¢ | 79.0¢ | 7122 | ||
| Last updated 15.20pm 24/05/2024 ? | |||||
| A1N (ASX) Chart |