Can not be so cheap....$4.50 at least
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Can not be so cheap....$4.50 at least
ZEL BOD have given AMPOL 4 weeks exclusive due diligence. That doesn't rule out other bidders (whose offers could also be subject to a period of DD) but does it suggest no one was as keen (or quick) as AMPOL. here's hoping VITOL (or someone else) shows their hand too
GLTAH
378 / 349 = 8.3% return. Not guaranteed of course but the possibility of more cannot be ignored.
https://amp-theaustralian-com-au.cdn...d7645ab952b0b4
Looks like a competing bid is more than likely.
Let’s hope The Australian keeps drumming up these kind of articles and other offers come in, ideally a lot higher than the current low ball one!
Caltex/Ampol told Alimentation Couche-Tard Inc. to bugger off when they offered $32
They came back with a $34.50 offer
An outfit called EG Group with a convoluted offer
They eventually went away
Alimentation Couche-Tard Inc. We’re still interested and started talking again
Covid scare them off last year
Ampol share price now $26 odd…..recovering from $20 when Covid struck and Alimentation Couche-Tard Inc. walked away
Hope a deal goes through …..all downside for Z share price if it doesn’t
Ampol rubbing their hands together. Are this is good, lets put in a low offer now while they are in lockdown while things are grim over there and see if we can snatch it away. If they offering $3.78 then it is worth a lot more. If ZEL was worth $3.78c then the starting offer on the table would only be about $2 something.;)