Quote Originally Posted by theace View Post
So how does "a 2.5% discount to the volume weighted average price (“VWAP”) of Z shares traded on NZX during the five NZX trading days up to, and including, the Closing Date (expected to be 29 May 2020)." work? So if the VWAP is $2.85 ... then shares will be allocated at $2.78ish?
Yeah, it's not looking terribly appealing is it, looking at where they SP is at the moment ($2.92) with downward momentum. Although I see ACC continues to load up.