ABA Abano health

[Getty]

mmm, trading halt, superior t/o offer maybe?

[calledone]

What if another buyer comes in with a higher offer? Can Abano reject this current offer?

Hope keeping half my previous holding turns out to be wise move! Or will it turn out to be a wise move to sell half lol!

[Getty]

Going by the buy /sell offers /volume from yesterday, you may have called a good one

[winner69]

One thing with Abano is anything could be happening

But I reckon good for shareholders this time

[Getty]

the announcement will come out at tooth hurty








2.30

[humvee]

still no announcements

[Akane]

still no announcements

Well, he said 2:30, but didn't say which day

[Dassets]

My guess is either the bid is pulled or one of the price reduction mechanisms has been activated by the bidder. My hope is the later. It looks like the permanent reduction in EBITDA adjustment (due to the aussie super issue) a likely candidate ie a 55 cent drop. What is weird is everything that was known prior to doc date was meant to be excluded. Let's see.

[Watchful]

My guess is a little different. (although I’ll freely admit I’m well out of my depth and there are many many possibilities)

Based on the halt being first thing on the 8th, there was a key date in the scheme implementation agreement, expected to be the 7th, when the scheme booklet including independent advisors report was due to be approved by takeover panel, and letter of intention issued.

I’m considering the possibility that the independent advisor’s valuation range may have come back with the minimum value above the offer price - which was to automatically trigger a good-faith negotiation period between the parties of a minimum of 48 hours from notification.

A price below the minimum doesn’t necessarily derail things, but there was wording to the effect of the directors would have to reasonably assume that shareholders would approve it still, to accept it.

I feel that if one of the price reduction triggers had been pulled, there wouldn’t have been so much of a delay, as the conditions and outcome are fairly fixed there.

I feel like I also read something to the effect of - if there is a trading halt for 5 consecutive days, they are considered to be delisted (Solely in the context of the agreement) which also triggers one of the few break clauses. This was just from a quick glance though, so may have that out of context. Will start getting nervous if the halt extends into Wednesday though..

Just my 2c, although probably not worth even that much..

[Mel]

Announcement on the bid is expected some time this morning