I've only glossed over the info, you need to check the details for facts. I could be wrong.
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Thanks Baa and Snow L.
Big volumes being bid at 86c range. May hit 90c soon.
Morgan Stanley keeps buying from 6 to 17 June 2024. Substantial holding increases from 7.21% to 8.48%.
Sold my remaining half today at 86c. Can’t be bothered with US holding in PAR.
Based on todays ASX its a done deal !
Considering the heavily weighted shareholdings and their support, there was little doubt ever that the buyout would happen. Albeit now delayed a few weeks.
The conundrum for shareholders is whether to sell out at market (today $0.885) or take a 100% compulsory buyout at $0.82 a loss to market, or the 50% PAR/TSK at inferred $0.92 if you can believe it. A few larger shareholders and directors have voted with their feet and taken the market exit-now route.
Note the drop in PAR shares over night in the U S from $47 down to $44, is this because the agreement is certain to go through ?