News blog

Asia Distribution Solutions Ltd

  • BY: Andrew Hore |
  • POSTED: 01/12/2008 |

Asia Distributions Solutions Ltd has finally sent out the offer document for the bid from Yarraman Winery Inc - 89 days after it was first announced.

This prompted shares in ADSL to double to 24p a share. The all share bid is nominally worth 52.9p a share but that is based on Yarraman share price which is based on the price that shareholders converted their loans at the end of June 2008. That is not necessarily the true current worth of the shares in the loss-making winery.

There is an inducement fee of $100,000 that is payable if the bid does not go through. 

© 2021 Aim Micro. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Browse by issue
All issues
Popular tags
All tags

betbrokers, financial, gold, health, leisure, media, mobile, resources, services, technology

AIM Micro feeds

Keep up to date with articles published at AIMMicro.com. Subscribe to AIM Micro RSS Feeds