Expect CAML to match terms. What does Kinterra bid? As CAML is down 10% in the past week as it goes toe-to-toe, likely small increments. If illiquid arbs are your bag, get in here and on weakness.
What is covered in the Full Insight:
Introduction to NWC and Competitors
Timeline of Key Events
Analysis of Offer Pricing
Implications of Takeovers Panel Decisions
Current Strategic Positions of Bidders
Boomeranged on Thu, 17 Jul 2025 07:42
On cue - CAML, following the matching rights process, bumps to A$0.065/share. NWC's board is supportive. Offer opens today with a first close on the 18th August. Its Offer is unconditional. Shareholders who tender will receive cash in five business days. Bidder's statement can be found in discussions at the bottom. Back in Kinterra's court. At a guess, they will counter with A$0.066/share ASAP.