Sentences with phrase «scrip offer»

Bega's cash and scrip offer has received short shrift from the WCB board and at every step of the bidding process the WCB board has questioned the worth of Bega's shares.

This means both Bega, which declared its cash and scrip offer unconditional and final on Thursday, and Saputo can begin buying WCB shares.

Even after the bids rose from Bega's initial cash and scrip offer, which valued WCB at $ 5.78 in September, to Saputo's unconditional $ 9 a share and Murray Goulburn's $ 9.50 offer, Mr Renyard wasn't thinking about a one - off cash injection.

In a statement to the ASX on Tuesday, the NSW - based company said it could start paying shareholders its cash and scrip offer of $ 2 plus 1.5 Bega shares after it declared its offer unconditional last month.

But Bega Cheese, WCB's single biggest shareholder with an 18 per cent stake, upped the stakes on Thursday by increasing its cash and scrip offer and declaring it final and unconditional.

Atlas Iron's board is set to recommend investors accept an all - scrip offer from fellow Perth - based miner Mineral Resources.

Not exact matches

Iluka Resources looks set to snare Irish company Kenmare Resources after proposing a scrip takeover offer valued at $ 363 million.

Phoenix Gold has reiterated shareholders should reject a cash and scrip takeover offer from Evolution Mining, even though a rise in Evolution's share price has boosted the value of the deal.

Energy giant Woodside Petroleum is considering growth opportunities in Papua New Guinea, announcing today it was evaluating a takeover offer for Oil Search through an all - scrip deal valued at more than $ 11 billion.

Perth - based Rox Resources accepted a revised offer from Marindi Metals for its stake in the Reward zinc - lead project in the Northern Territory, with the new cash - and - scrip deal worth $ 21 million.

But as if exorbitant deal costs weren't touchy enough, Tabcorp also made a hash of its half - year 12.5 cents yield, attempting to offer the Dividend Reinvestment Plan, despite the deed precluding the bookmaker from issuing more scrip while it subsumes the Queenslanders.

Murray Goulburn owns a 18.4 per cent stake in WCB while Bega Cheese, which has offered a mix of cash and scrip, owns 17.8 per cent.

Late on Friday night Saputo revealed it was lifting its $ 8 cash per share bid to $ 9 per share, matching Murray Goulburn's offer but putting it slightly below Bega Cheese's cash and scrip bid, which valued WCB shares at $ 9.13 on Friday.

He also said the board had decided not to proceed with Bega's offer because it was predominantly made up of Bega scrip, with a small cash component.

Once you tap into a particular scrip, you are taken to the stock details screen where you have the option to check out the latest bids available along with asking price and offered quantity.

The company offers so - called scrip dividends which means that investors can choose to receive stocks in lieu of cash dividends.