GPT 1.45% $4.19 gpt group

takeover poison

  1. 631 Posts.
    Interesting read:
    http://www.theaustralian.news.com.au/business/story/0,28124,24590949-30538,00.html

    "...The clause means that not only does a potential buyer have to deal with the equity holders -- offering a premium to win control -- but has the added complexity of having to refinance all the debt in one hit rather than when the facilities mature...The change of control provisions are understood to have stopped at least two big companies launching a takeover offer for GPT in recent months..."

    So this is why takeover talk has been muted?

    ...Damn but the GPT board is a pack of muppets... could they have done anymore to stifle shareholder value? The mind truly boggles.
 
watchlist Created with Sketch. Add GPT (ASX) to my watchlist
(20min delay)
Last
$4.19
Change
0.060(1.45%)
Mkt cap ! $8.161B
Open High Low Value Volume
$4.13 $4.20 $4.10 $16.52M 3.971M

Buyers (Bids)

No. Vol. Price($)
2 91701 $4.18
 

Sellers (Offers)

Price($) Vol. No.
$4.19 64655 7
View Market Depth
Last trade - 16.10pm 23/10/2020 (20 minute delay) ?
(live)
Last
$4.19
  Change
0.060 ( 1.95 %)
Open High Low Volume
$4.14 $4.20 $4.10 918136
Last updated 15.59pm 23/10/2020 (live) ?
GPT (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.