Sentences with phrase «cents a share offer»

Goodman Fielder has denounced as «opportunistic» an initial 65 cents a share offer from Wilmar, which owns CSR's former sugar assets, and First Pacific, which controls 50 per cent of Indonesia's largest food group, IndoFoods.

Not exact matches

Nonetheless, on November 8, 1993, Seventh Generation offered 1.2 million shares of stock to the public, at $ 5 a share, and 1.2 million warrants, at 10 cents a piece.

Marine - focused engineering business VEEM has enjoyed a solid debut on the ASX today, with shares closing 20 per cent higher on its initial public offering price.

Neon Energy has backed out of a merger agreement with MEO Australia after Evoworld Corporation agreed to make a revised off - market takeover offer for 50 per cent of the shares it doesn't already own in the oil and gas producer.

Nedlands - based explorer Bullabulling Gold has advised its shareholders to reject Norton Gold Fields» increased takeover offer of 8 cents per share to obtain a 30 per cent interest in the company.

The family that holds a majority interest in Diploma Group has formally launched a takeover offer for all shares it doesn't own in the business, at a bargain basement price of 1.5 cents per share.

Though the fund company objected to the initial transaction price, it sold after the Phelans upped their offer by 35 cents to $ 8 per share.

Norton Gold Fields is poised to succeed in its Bullabulling Gold takeover bid after the Perth explorer begrudgingly accepted the increased takeover offer of 8 cents per share.

Resonance Health intends to raise up to $ 5.1 million with a placement and entitlement offer, pitched at 5 cents per share.

If Verizon knocked $ 1 billion off its billion offer, that would be an impact of 62 cents a share after taxes, Helfstein said, far below the $ 2.03 per share that Yahoo fell by Thursday afternoon.

Based on Thursday closing prices, the offer was worth about 57 cents per share and values True Gold at about $ 240 million.

In its recently released prospectus, GPS Online offered 10 million shares at a price of 40 cents per share to investors, with a free option attaching to each share acquired, to raise a total of $ 4 million.

Novo has offered up to 30.50 euros per share for Ablynx, which represents a 60 per cent premium to the Belgian company's Dec. 6 share price, before its first approach.

The Canadian grocery and pharmacy giant is offering $ 3.10 cash per share of QHR Corp. of Kelowna, B.C. (TSXV: QHR)-- 22 per cent above the stock's closing price Friday on the TSX Venture Exchange.

The offer is also 39 per cent above the 30 - day average share price as of Dec. 16, prior to media reports.

Shares in oil and gas group AWE have jumped more than 20 per cent following a $ 430 million indicative takeover offer from a Chinese state - owned energy corporation.

AusGem International Ltd looks well placed to achieve its aim of raising $ 6 million by offering twenty - four million shares at 25 cents per share in its float and listing.

While the $ 2.36 per share offer only implies a «small» 15 per cent takeover premium to Deutsche's $ 2.05 price target, the research team points to «recent operational risks in the hospital portfolio, the execution risks of the Northern Beaches greenfield project and our lower revenue growth outlook for the private hospital industry.»

«We calculate a $ 2.36 / share offer price could generate an IRR of 12.3 per cent, based on our forecasts, a debt / equity structure of 30 per cent / 70 per cent, an interest expense rate of 4.5 per cent, a shareholder loan of half the equity value and an EBITDA exit multiple of 12 times,» the analysts wrote.

[112] The company began to offer a dividend on January 16, 2003, starting at eight cents per share for the fiscal year followed by a dividend of sixteen cents per share the subsequent year, switching from yearly to quarterly dividends in 2005 with eight cents a share per quarter and a special one - time payout of three dollars per share for the second quarter of the fiscal year.

The market is still betting approvals won't be forthcoming, with Santos shares closing at $ 5.88 on Friday, up 3 cents but still 9.5 per cent off the proposed offer price.

QBE shares jumped by more than 5 per cent in early trade on reports from German newspaper Handelsblatt that Allianz chief executive Oliver Baete met with QBE's chief John Neal before Christmas and suggested an offer of $ 15 per share, which would value the company at $ 20 billion.

The original bidder, China Energy Reserve and Chemical Group, has still kept its hand in the game by lodging a bidder's statement last week, even though its 73 cents a share takeover offer is well out of the game.

His bidding vehicle, Arcade Finance, is offering 32 cents a share in an all - cash, off - market takeover bid.

Mitsui beat rival bidders Mineral Resources and China Energy Reserve and Chemical Group to win the recommendation of AWE's board for its all - cash offer of 95 cents a share.

Mr Boon said the Tabcorp offer — which offered shareholders a 21 per cent premium on the share price before the bid was revealed last week, and a 58 per cent stake in the combined company — was too good to refuse.

The shares are being offered at a fixed price of $ 1.92, a 1.3 per cent discount to the last close.

Treasury shares slipped a bit on Wednesday by 6 cents to $ 5.11, well shy of the $ 5.20 offer.

WCB shares closed 2 per cent higher at $ 9.23 on Monday, indicating the market is holding out some hope of an increased offer from one of the suitors.

Also, if acceptances exceed 75 per cent the offer must rise to $ 9.40 a share.

Should KKR / Rhone be successful with its $ 5.20 per share offer, which is at a 40.9 per cent premium to the $ 3.69 per share price at which Treasury was trading when KKR made its first buyout proposal, it will mean the Penfolds brand will have its seventh corporate owner since 1976.

Bega, which already has an 18 per cent stake in the company, is offering 1.2 of its own shares plus $ 2 cash for every Warrnambool Cheese & Butter share it does not already own.

Saputo declared its $ 9 a share cash offer, plus a 20 cents sweetener if it gets control of WCB, unconditional on Monday and had mopped up 9.6 per cent of WCB by Friday.

Bega shares rose 30 cents to $ 4.75 on Friday, valuing its 1.5 share and $ 2 cash bid at $ 9.13, more than the $ 9 cash per share on offer by the nation's biggest processor, Murray Goulburn.

Aldi has made a serious dent in profit margins of the other three players with a predominantly private label offering and now has a national market share which Morgan Stanley estimates at close to 8 per cent.

Fonterra's 6 per cent stake came through an after - market raid on Thursday, as revealed by AFR.com, where it had broker Goldman Sachs canvassing Bega Cheese shareholders with a $ 4.95 a share offer.

One option Murray Goulburn is considering to stop this domino scenario playing out is to raise its takeover bid by 50 cents to $ 10 a share to try and halt the momentum Saputo may gain by putting a firm close date on its offer.

Under the Saputo offer, WCB shareholders receive an additional 20 cents a share at each hurdle for a total of $ 9.60 a share at 90 per cent.

Moore said Fonterra was offering 11.8 - times EBITDA for Bega Cheese shares, excluding the takeover value of Bega's 18.35 per cent stake in Warrnambool.

However, 13.35 per cent of those shares remain subject to withdrawal rights, with investors who accepted Saputo's offer before December 17 allowed to withdraw their acceptance before January 3.

To get momentum behind the offer, Saputo has put an additional 20 cents a share on the table conditional on Saputo getting 50 per cent of WCB.

Its offer will be as high as $ 9.60 a share if it achieves 90 per cent acceptances.

Brokers say Metcash's IGA retailers have lost market share to the major chains, which have been offering targeted petrol discounts as high as 45 cents a litre and cutting the price of groceries.

Saputo on Friday increased its cash per share offer to $ 9 from $ 8, and dropped a requirement to secure 50.1 per cent of WCB's stock before its offer could proceed.

Saputo on Monday declared its $ 9 a share cash takeover bid for WCB unconditional and offered a 20 cents sweetener if it gets control.

Last Thursday, two days before the offer was made, Goodman shares jumped 2.5 cents to 55 cents on abnormally high volumes, suggesting that some traders had become aware of the proposal.

The 20 cents sweetener replaces a confusing offer of two franked special dividends worth a combined $ 1.31 WCB proposed to pay shareholders under the previous $ 9 a share offer agreed with Saputo.

The market clearly believes Saputo will win more than 75 per cent of the target because at that price the Canadians will offer $ 9.40 a share.

Murray Goulburn had offered $ 9.50 cash per share, or $ 533 million, but that hinged on acquiring at least 50 per cent of WCB and gaining approval from the Australian Competition Tribunal, which is set to make a decision by February 28.

Saputo is now offering $ 9 a share in cash, rising to $ 9.20 if it gets 50 per cent of WCB and rising to $ 9.40 if it gets 75 per cent of WCB with a final hurdle of $ 9.60 if it gets to 90 per cent of WCB,