This article is 21 years old. Images might not display.
MEAPL has extended its offer period by another fortnight, and at this stage by 20 April – Novus’ Board and its shareholders will have to decide on whether or not they want to accept MEAPL’s bid or the bid from Novus chief Bob Williams and his Sunov vehicle. However, MEAPL has the right to extend the offer period if it so wishes.
MEAPL’s takeover bid is valued at A$1.74 per share. William’s bid is for A$1.71 per share. Neither bid has been made at the price to which the Board were expecting, wanting in the region of A$1.96 to A$2.75 per share.
